Commercial Real Estate Market in Glastonbury, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
76 active listings and 638 off-market properties in Glastonbury, CT. Commercial property asks $196/SF to buy and $24.24/SF/Yr to lease.
Market Trends
Glastonbury, CT spans 36.7 square miles in Hartford County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Glastonbury, CT asks $153/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 space in Glastonbury, CT asks $137/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 Glastonbury, 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 Glastonbury, CT asks $159/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 59.7%
- Civic 24.6%
- Special 9.4%
- Commercial 0.3%
- Mixed use 0.2%
- Industrial 0.1%
Largest Zones share of zoned land by district
Rural Residence
Reserve Land
Flood Zone
Residence AA
Country Residence
Rural Residence (RR)
The Intent of this to promote Rural Residence Uses.
Market overview
Demographics & Economy
Glastonbury, CT has 29,658 residents in 12,315 households. Density runs 807 people per square mile. Median household income here is $144,394 and median gross rent $1,656 a month.
29,658
Population
12,315
Households
2.4
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
36.7 sq mi
ZIP Area
807
Density / Sq Mi
$144,394
Median Household Income
$80,753
Median Earnings
$1,656
Median Rent
$399,500
Median Home Value
Tools
Lease vs Buy Breakeven
At $24.24/SF/Yr lease vs $196/SF buy → buying wins if held > 1 years.
At a 12.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| E Glstnbry | — | — |
| South Glastonbury | — | — |
| Manchester | — | $22.70 |
| Rocky Hill | — | $16.70 |
Commercial property in Glastonbury, CT asks $196/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Glastonbury?
Commercial property in Glastonbury, CT asks an average of $196 per square foot. The 3 most recent recorded sales traded at a median of $284/SF. Multifamily carries the highest asking price at $159/SF.
How much does it cost to lease commercial space in Glastonbury?
Asking lease rates in Glastonbury, CT average $24.24 per square foot per year.
Is it cheaper to lease or buy commercial space in Glastonbury?
Buying beats leasing in Glastonbury, CT if the property is held longer than 1.0 years, comparing $24.24/SF/Yr asking rent with $196/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Glastonbury market data come from?
Realmo compiles Glastonbury, CT figures from 5 recent recorded sales, 42 active sale listings, 34 active lease listings, 638 tracked off-market properties, the current Glastonbury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 42 active for-sale and 34 active for-lease listings in Glastonbury, 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: 32,495 zoned acres across 19 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
