Commercial Real Estate Market in Colchester, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 333 off-market properties in Colchester, CT. Commercial property asks $303/SF to buy and $4.40/SF/Yr to lease.
Market Trends
Colchester, CT spans 85.5 square miles in New London County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Colchester, 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 Colchester, 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 Colchester, 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 Colchester, CT asks $177/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
- Agricultural 84.3%
- Commercial 1.3%
Largest Zones share of zoned land by district
Rural Use
Suburban Use
Future Development
Town Center
Arterial Commercial
Market overview
Demographics & Economy
Colchester, CT has 20,550 residents in 8,804 households. Density runs 240 people per square mile. Median household income here is $119,487 and median gross rent $1,418 a month.
20,550
Population
8,804
Households
2.3
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
85.5 sq mi
ZIP Area
240
Density / Sq Mi
$119,487
Median Household Income
$64,460
Median Earnings
$1,418
Median Rent
$346,718
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Amston | — | — |
| North Westchester | — | — |
| Exeter | — | — |
| Gilman | — | — |
Commercial property in Colchester, CT asks $303/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Colchester?
Commercial property in Colchester, CT asks an average of $303 per square foot. The 3 most recent recorded sales traded at a median of $170/SF, so asking sits 78% above the achieved median. Multifamily carries the highest asking price at $177/SF.
How much does it cost to lease commercial space in Colchester?
Asking lease rates in Colchester, CT average $4.40 per square foot per year.
Where does Realmo's Colchester market data come from?
Realmo compiles Colchester, CT figures from 7 recent recorded sales, 22 active sale listings, 6 active lease listings, 333 tracked off-market properties, the current Colchester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 6 active for-lease listings in Colchester, 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: 31,576 zoned acres across 6 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
