Commercial Real Estate Market in Franklin, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
9 active listings and 122 off-market properties in Franklin, CT. Commercial property asks $19/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 84.9%
- Industrial 10.2%
- Open space 3.8%
- Commercial 1.1%
Largest Zones share of zoned land by district
Residential
Residential
Mixed Commercial And Light Industrial
Industrial
Planned Recreational Development District
Franklin, CT zones 12,680 acres across 6 districts. Commercial zoning covers 1.1% of zoned land, residential 84.9%, open space 3.8% and industrial 10.2%. The largest single district is Residential at 55.6%. For commercial buyers the practical constraint is that only 11.3% of land carries a commercial or industrial designation.
Frequently Asked Questions
What is the average price per square foot for commercial property in Franklin?
Commercial property in Franklin, CT asks an average of $19 per square foot. The 3 most recent recorded sales traded at a median of $74/SF. Retail carries the highest asking price at $305/SF.
How much does it cost to lease commercial space in Franklin?
Asking lease rates in Franklin, CT average $12.00 per square foot per year.
What zoning applies to commercial property in Franklin?
Franklin, CT zones 12,680 acres across 6 districts, of which 1.1% is commercial and 10.2% industrial. The largest single district is Residential at 55.6% of zoned land. Residential zoning covers 84.9% and open space 3.8%.
Where does Realmo's Franklin market data come from?
Realmo compiles Franklin, CT figures from 3 recent recorded sales, 7 active sale listings, 2 active lease listings, 122 tracked off-market properties, the current Franklin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 2 active for-lease listings in Franklin, 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: 12,680 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 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 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 30 September 2026 · How Realmo checks market page data · Report a data issue
