Commercial Real Estate Market in Andover, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 37 off-market properties in Andover, CT.
Market Trends
Andover, CT spans 15.4 square miles in Tolland County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Andover, CT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Andover, CT runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Andover, CT runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Andover, CT runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 78.5%
- Industrial 3.8%
- Commercial 1.1%
Largest Zones share of zoned land by district
Andover Rural Residential Design
Andover Lake
Industrial
Business
Andover, CT zones 7,427 acres across 4 districts. Commercial zoning covers 1.1% of zoned land, residential 78.5% and industrial 3.8%. The largest single district is Andover Rural Residential Design at 78.5%. For commercial buyers the practical constraint is that only 4.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Andover, CT has 3,142 residents in 1,289 households. Density runs 203 people per square mile. Median household income here is $127,335 and median gross rent $1,165 a month.
3,142
Population
1,289
Households
2.4
Avg Household Size
48
Median Age
46%
College-Educated
98%
High-School Grad
15.4 sq mi
ZIP Area
203
Density / Sq Mi
$127,335
Median Household Income
$58,421
Median Earnings
$1,165
Median Rent
$375,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Coventry | — | — |
| Hebron | — | $16.55 |
| Columbia | — | — |
| Storrs Mansfield | — | $25.00 |
Commercial property in Andover, CT asks $238/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Andover?
Commercial property in Andover, CT asks an average of $238 per square foot.
What zoning applies to commercial property in Andover?
Andover, CT zones 7,427 acres across 4 districts, of which 1.1% is commercial and 3.8% industrial. The largest single district is Andover Rural Residential Design at 78.5% of zoned land. Residential zoning covers 78.5% and open space 0%.
Where does Realmo's Andover market data come from?
Realmo compiles Andover, CT figures from 2 active sale listings, 1 active lease listings, 37 tracked off-market properties, the current Andover zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 1 active for-lease listings in Andover, CT. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 7,427 zoned acres across 4 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
