Commercial Real Estate Market in Chester, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 108 off-market properties in Chester, CT. Commercial property asks $109/SF to buy and $16.50/SF/Yr to lease.
Market Trends
Chester, CT spans 16.1 square miles in Middlesex County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Chester, CT asks $131/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 vacancy in Chester, 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 Chester, 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 Chester, 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 94.1%
- Industrial 2.2%
- Commercial 0.1%
Largest Zones share of zoned land by district
Residential
Residential
Research Light Manufacturing
Residential
Waterfront Design 2
Chester, CT zones 10,475 acres across 10 districts. Commercial zoning covers 0.1% of zoned land, residential 94.1% and industrial 2.2%. The largest single district is Residential at 83.6%. For commercial buyers the practical constraint is that only 2.3% of land carries a commercial or industrial designation.
Residential (R2)
Residential District R-2 Residential District R-1 Residential District R-1/2 Planned Residential District PRD Commercial District Controlled Development District CDD Waterfront Design District Research and Light Manufacturing District RLM Tidal Wetlands District 30A.1 GATEWAY CONSERVATION DISTRICT. In addition to the districts into which the Town is divided…
Market overview
Demographics & Economy
Chester, CT has 3,749 residents in 1,679 households. Density runs 234 people per square mile. Median household income here is $94,570 and median gross rent $1,367 a month.
3,749
Population
1,679
Households
2.2
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
16.1 sq mi
ZIP Area
234
Density / Sq Mi
$94,570
Median Household Income
$46,741
Median Earnings
$1,367
Median Rent
$404,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Deep River | — | $12.39 |
| Ivoryton | — | — |
| Haddam | — | $17.28 |
| Centerbrook | — | — |
Commercial property in Chester, CT asks $109/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chester?
Commercial property in Chester, CT asks an average of $109 per square foot. The 5 most recent recorded sales traded at a median of $150/SF. Office carries the highest asking price at $131/SF.
How much does it cost to lease commercial space in Chester?
Asking lease rates in Chester, CT average $16.50 per square foot per year.
What zoning applies to commercial property in Chester?
Chester, CT zones 10,475 acres across 10 districts, of which 0.1% is commercial and 2.2% industrial. The largest single district is Residential at 83.6% of zoned land. Residential District R-2 Residential District R-1 Residential District R-1/2 Planned Residential District PRD Commercial District Controlled Development District CDD Waterfront Design District Research and Light Manufacturing District RLM Tidal Wetlands District 30A.1 GATEWAY CONSERVATION DISTRICT. In addition to the districts into which the Town is divided… Residential zoning covers 94.1% and open space 0%.
Where does Realmo's Chester market data come from?
Realmo compiles Chester, CT figures from 6 recent recorded sales, 12 active sale listings, 6 active lease listings, 108 tracked off-market properties, the current Chester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 6 active for-lease listings in Chester, 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: 10,475 zoned acres across 10 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
