Commercial Real Estate Market in Colchester, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
16 active listings and 333 off-market properties in Colchester, CT.
Market Trends
Colchester, CT spans 85.5 square miles in New London County, Connecticut. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Colchester, CT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
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%.
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%.
Multifamily
Across New London County, multifamily space asks $291/SF to buy. Multifamily vacancy in Colchester, 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
- Agricultural 84.3%
- Commercial 1.3%
Largest Zones share of zoned land by district
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Hebron | $220 | $15.29 |
| East Hampton | $222 | $20.00 |
Commercial property in Colchester, CT asks $232/SF. The 2 bordering markets run from $220/SF in Hebron to $222/SF in East Hampton, and the city sits above their $221/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Colchester?
How does Colchester compare to nearby markets on price?
Where does Realmo's Colchester market data come from?
Methodology & data sources
- Asking prices and medians
- There are 8 active for-sale and 8 active for-lease listings in Colchester, CT. The sale median is based on 5 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: 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 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
