Commercial Real Estate Market in East Lyme, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
24 active listings and 158 off-market properties in East Lyme, CT. Commercial property asks $691/SF to buy and $16.91/SF/Yr to lease.
Market Trends
East Lyme, CT spans 23.4 square miles in New London County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in East Lyme, CT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in East Lyme, CT asks $305/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in East Lyme, 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 East Lyme, CT asks $229/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
Market overview
Demographics & Economy
East Lyme, CT has 7,289 residents in 2,894 households. Density runs 311 people per square mile. Median household income here is $131,628 and median gross rent $1,722 a month.
7,289
Population
2,894
Households
2.5
Avg Household Size
44
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
311
Density / Sq Mi
$131,628
Median Household Income
$70,095
Median Earnings
$1,722
Median Rent
$432,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lyme | — | — |
| Waterford | — | $15.68 |
| Montville | — | $11.00 |
Commercial property in East Lyme, CT asks $691/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in East Lyme?
Commercial property in East Lyme, CT asks an average of $691 per square foot. The 6 most recent recorded sales traded at a median of $155/SF, so asking sits 345% above the achieved median. Retail carries the highest asking price at $305/SF.
How much does it cost to lease commercial space in East Lyme?
Asking lease rates in East Lyme, CT average $16.91 per square foot per year.
Where does Realmo's East Lyme market data come from?
Realmo compiles East Lyme, CT figures from 7 recent recorded sales, 12 active sale listings, 12 active lease listings, 158 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 12 active for-lease listings in East Lyme, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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 30 September 2026 · report a data issue
