Commercial Real Estate Market in Canterbury, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
20 active listings and 190 off-market properties in Canterbury, CT. Commercial property asks $611/SF to buy and $9.00/SF/Yr to lease.
Market Trends
Canterbury, CT spans 40.8 square miles in New London County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Canterbury, CT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Canterbury, CT asks $305/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 Canterbury, 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 Canterbury, CT asks $229/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 99.6%
- Commercial 0.4%
Largest Zones share of zoned land by district
Rural District
Village Commercial District
Canterbury, CT zones 25,545 acres across 2 districts. Commercial zoning covers 0.4% of zoned land, residential 99.6%. The largest single district is Rural District at 99.6%. For commercial buyers the practical constraint is that only 0.4% of land carries a commercial or industrial designation.
Rural District (RD)
It is intended primarily as a residential and agricultural zone.
Market overview
Demographics & Economy
Canterbury, CT has 5,085 residents in 2,311 households. Density runs 125 people per square mile. Median household income here is $99,487 and median gross rent $816 a month.
5,085
Population
2,311
Households
2.2
Avg Household Size
46
Median Age
26%
College-Educated
93%
High-School Grad
40.8 sq mi
ZIP Area
125
Density / Sq Mi
$99,487
Median Household Income
$52,024
Median Earnings
$816
Median Rent
$294,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Plainfield | — | $11.30 |
| Brooklyn | — | — |
| Lisbon | — | — |
Commercial property in Canterbury, CT asks $611/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Canterbury?
Commercial property in Canterbury, CT asks an average of $611 per square foot. The 4 most recent recorded sales traded at a median of $137/SF, so asking sits 346% above the achieved median. Retail carries the highest asking price at $305/SF.
How much does it cost to lease commercial space in Canterbury?
Asking lease rates in Canterbury, CT average $9.00 per square foot per year.
What zoning applies to commercial property in Canterbury?
Canterbury, CT zones 25,545 acres across 2 districts, of which 0.4% is commercial and 0% industrial. The largest single district is Rural District at 99.6% of zoned land. It is intended primarily as a residential and agricultural zone. Residential zoning covers 99.6% and open space 0%.
Where does Realmo's Canterbury market data come from?
Realmo compiles Canterbury, CT figures from 6 recent recorded sales, 18 active sale listings, 2 active lease listings, 190 tracked off-market properties, the current Canterbury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 2 active for-lease listings in Canterbury, 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: 25,545 zoned acres across 2 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
