Commercial Real Estate Market in Canaan, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 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 August 2026.
Office
Office vacancy in Canaan, 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 Canaan, 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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Canaan, CT asks $147/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 99.2%
- Industrial 0.2%
- Commercial 0.1%
Largest Zones share of zoned land by district
Residential Agricultural
Mountain Residential
Village Residential
Quarry Zone
Light Industrial
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.
Residential Agricultural (RA)
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.
2,610
Population
1,240
Households
2.1
Avg Household Size
46
Median Age
25%
College-Educated
90%
High-School Grad
13.3 sq mi
ZIP Area
197
Density / Sq Mi
$56,328
Median Household Income
$43,724
Median Earnings
$1,270
Median Rent
$256,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Canaan | — | — |
| Norfolk | — | — |
| Sheffield | — | — |
| New Marlborough | — | — |
Commercial property in Canaan, CT asks $297/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Canaan?
Commercial property in Canaan, CT asks an average of $297 per square foot. The 4 most recent recorded sales traded at a median of $155/SF, so asking sits 91% above the achieved median. Multifamily carries the highest asking price at $147/SF.
What zoning applies to commercial property in Canaan?
Canaan, CT zones 21,283 acres across 7 districts, of which 0.1% is commercial and 0.2% industrial. The largest single district is Residential Agricultural at 55.8% of zoned land. 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… Residential zoning covers 99.2% and open space 0%.
Where does Realmo's Canaan market data come from?
Realmo compiles Canaan, CT figures from 5 recent recorded sales, 25 active sale listings, 2 active lease listings, 238 tracked off-market properties, the current Canaan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 25 active for-sale and 2 active for-lease listings in Canaan, 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: 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 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
