Commercial Real Estate Market in Berlin, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
44 active listings and 590 off-market properties in Berlin, CT. Commercial property asks $184/SF to buy and $13.52/SF/Yr to lease.
Market Trends
Berlin, CT spans 25.5 square miles in Hartford County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Berlin, CT asks $124/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Berlin, CT asks $129/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Berlin, 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 space in Berlin, CT asks $161/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.5%
- Commercial 2.7%
Largest Zones share of zoned land by district
Mountain Reserve
Single Family Residential
Single Family Residential
Single Family Residential
Single Family Residential
Market overview
Demographics & Economy
Berlin, CT has 18,855 residents in 7,894 households. Density runs 740 people per square mile. Median household income here is $110,443 and median gross rent $1,429 a month.
18,855
Population
7,894
Households
2.4
Avg Household Size
48
Median Age
44%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
740
Density / Sq Mi
$110,443
Median Household Income
$60,018
Median Earnings
$1,429
Median Rent
$345,600
Median Home Value
Tools
Lease vs Buy Breakeven
At $13.52/SF/Yr lease vs $184/SF buy → buying wins if held > 2.8 years.
At a 7.3% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kensington | — | $13.52 |
| New Britain | — | $16.17 |
| Southington | — | $19.67 |
| Plainville | — | $33.53 |
Commercial property in Berlin, CT asks $184/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Berlin?
Commercial property in Berlin, CT asks an average of $184 per square foot. The 6 most recent recorded sales traded at a median of $246/SF. Multifamily carries the highest asking price at $161/SF.
How much does it cost to lease commercial space in Berlin?
Asking lease rates in Berlin, CT average $13.52 per square foot per year.
Is it cheaper to lease or buy commercial space in Berlin?
Buying beats leasing in Berlin, CT if the property is held longer than 2.8 years, comparing $13.52/SF/Yr asking rent with $184/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Berlin market data come from?
Realmo compiles Berlin, CT figures from 6 recent recorded sales, 19 active sale listings, 25 active lease listings, 590 tracked off-market properties, the current Berlin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 25 active for-lease listings in Berlin, 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: 17,350 zoned acres across 27 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
