Commercial Real Estate Market in Canaan, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
11 active listings and 238 off-market properties in Canaan, CT.
Market Trends
Canaan, CT spans 13.3 square miles in Litchfield County, Connecticut. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Litchfield County, office space asks $124/SF to buy. Office vacancy in Canaan, CT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Canaan, CT runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Canaan, 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%.
Multifamily
Across Litchfield County, multifamily space asks $155/SF to buy. Multifamily vacancy in Canaan, CT runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 99.2%
- Industrial 0.2%
- Commercial 0.1%
Largest Zones share of zoned land by district
Canaan, CT zones 21,283 acres across 7 districts. Commercial zoning covers 0.1% of zoned land, residential 99.2% and industrial 0.2%. The largest single district is Residential Agricultural at 55.8%. For commercial buyers the practical constraint is that only 0.3% of land carries a commercial or industrial designation.
R/A) Zone is intended to recognize and support the rural residen-tial and agricultural uses which have been established in Canaan (Falls Village). The Mountain Residential (MR) Zone is intended to allow for very low intensity residential de-velopment in the most remote areas of Canaan (Falls Village). 2.2. Permitted Principal Uses Village Residential Residen…
Market overview
Demographics & Economy
Canaan, CT has 2,610 residents in 1,240 households. Density runs 197 people per square mile. Median household income here is $56,328 and median gross rent $1,270 a month.
Tools
Nearby Markets
Commercial property in Canaan, CT asks $139/SF. The 2 bordering markets run from $163/SF in Sheffield to $205/SF in Salisbury, and the city sits below their $184/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Canaan?
How does Canaan compare to nearby markets on price?
What zoning applies to commercial property in Canaan?
Where does Realmo's Canaan market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 2 active for-lease listings in Canaan, CT. The sale median is based on 9 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 21,283 zoned acres across 7 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
