Commercial Real Estate Market in Cromwell, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 375 off-market properties in Cromwell, CT. Commercial property asks $58/SF to buy and $16.94/SF/Yr to lease.
Market Trends
Cromwell, CT spans 12.5 square miles in Middlesex County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cromwell, 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 Cromwell, 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 Cromwell, 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 Cromwell, 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 60.4%
- Industrial 14.3%
- Commercial 6.7%
- Civic 0.5%
Largest Zones share of zoned land by district
Residential 25
Residential 15
Riparian Protection District
Business Industrial Park
Industrial
Cromwell, CT zones 7,408 acres across 11 districts. Commercial zoning covers 6.7% of zoned land, residential 60.4% and industrial 14.3%. The largest single district is Residential 25 at 37.9%. For commercial buyers the practical constraint is that only 21% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Cromwell, CT has 14,225 residents in 6,286 households. Density runs 1,142 people per square mile. Median household income here is $104,458 and median gross rent $1,536 a month.
14,225
Population
6,286
Households
2.3
Avg Household Size
45
Median Age
46%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,142
Density / Sq Mi
$104,458
Median Household Income
$64,127
Median Earnings
$1,536
Median Rent
$311,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rocky Hill | — | $16.70 |
| Portland | — | — |
| East Berlin | — | — |
| South Glastonbury | — | — |
Commercial property in Cromwell, CT asks $58/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cromwell?
Commercial property in Cromwell, CT asks an average of $58 per square foot. The 3 most recent recorded sales traded at a median of $308/SF. Office carries the highest asking price at $131/SF.
How much does it cost to lease commercial space in Cromwell?
Asking lease rates in Cromwell, CT average $16.94 per square foot per year.
What zoning applies to commercial property in Cromwell?
Cromwell, CT zones 7,408 acres across 11 districts, of which 6.7% is commercial and 14.3% industrial. The largest single district is Residential 25 at 37.9% of zoned land. Residential zoning covers 60.4% and open space 0%.
Where does Realmo's Cromwell market data come from?
Realmo compiles Cromwell, CT figures from 5 recent recorded sales, 14 active sale listings, 15 active lease listings, 375 tracked off-market properties, the current Cromwell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 15 active for-lease listings in Cromwell, 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: 7,408 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
