Commercial Real Estate Market in Coventry, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 102 off-market properties in Coventry, CT.
Market Trends
Coventry, CT spans 37.6 square miles in Tolland County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Coventry, 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 Coventry, 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 Coventry, 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 Coventry, 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 96.8%
- Agricultural 1.5%
- Commercial 0.7%
Largest Zones share of zoned land by district
General Residential 80
Lake Residential
General Residential 40
Rural Development
Village Center
Coventry, CT zones 8,154 acres across 11 districts. Commercial zoning covers 0.7% of zoned land, residential 96.8%. The largest single district is General Residential 80 at 66.5%. For commercial buyers the practical constraint is that only 0.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Coventry, CT has 12,235 residents in 5,120 households. Density runs 326 people per square mile. Median household income here is $104,953 and median gross rent $1,350 a month.
12,235
Population
5,120
Households
2.4
Avg Household Size
44
Median Age
44%
College-Educated
97%
High-School Grad
37.6 sq mi
ZIP Area
326
Density / Sq Mi
$104,953
Median Household Income
$61,480
Median Earnings
$1,350
Median Rent
$318,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Storrs Mansfield | — | $25.00 |
| Andover | — | — |
| South Willington | — | — |
| Columbia | — | — |
Commercial property in Coventry, CT asks $131/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Coventry?
Commercial property in Coventry, CT asks an average of $131 per square foot. The 3 most recent recorded sales traded at a median of $123/SF, so asking sits 7% above the achieved median.
What zoning applies to commercial property in Coventry?
Coventry, CT zones 8,154 acres across 11 districts, of which 0.7% is commercial and 0% industrial. The largest single district is General Residential 80 at 66.5% of zoned land. Residential zoning covers 96.8% and open space 0%.
Where does Realmo's Coventry market data come from?
Realmo compiles Coventry, CT figures from 3 recent recorded sales, 10 active sale listings, 3 active lease listings, 102 tracked off-market properties, the current Coventry zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 3 active for-lease listings in Coventry, 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: 8,154 zoned acres across 11 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
