Commercial Real Estate Market in Griswold, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
203 active listings and 1,413 off-market properties in Griswold, CT. Commercial property asks $81/SF to buy and $15.24/SF/Yr to lease.
Market Trends
Griswold, CT spans 52.5 square miles in New London County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Griswold, 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 Griswold, 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 Griswold, 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 Griswold, 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 70.5%
- Open space 22.3%
- Commercial 7.1%
- Industrial 0.2%
Largest Zones share of zoned land by district
Rural Residential
Low Density Residential
Open Space Passive Recreation
Commercial
Medium Density Residential
Griswold, CT zones 21,899 acres across 7 districts. Commercial zoning covers 7.1% of zoned land, residential 70.5%, open space 22.3% and industrial 0.2%. The largest single district is Rural Residential at 34.3%. For commercial buyers the practical constraint is that only 7.2% of land carries a commercial or industrial designation.
Low Density Residential (R-60)
R-60 Districts are intended to provide a low density residential transition zone between the high and medium density residential zones and the rural density residential zone. The areas are usually remote from existing or planned public sewer and water services and may present physical obstacles for development. Minimum lot sizes are 60,000 square feet. R-40…
Market overview
Demographics & Economy
Griswold, CT has 15,609 residents in 6,864 households. Density runs 297 people per square mile. Median household income here is $84,107 and median gross rent $1,115 a month.
15,609
Population
6,864
Households
2.3
Avg Household Size
44
Median Age
19%
College-Educated
93%
High-School Grad
52.5 sq mi
ZIP Area
297
Density / Sq Mi
$84,107
Median Household Income
$46,649
Median Earnings
$1,115
Median Rent
$276,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Norwich | — | $15.24 |
| Lisbon | — | — |
| Plainfield | — | $23.38 |
| North Stonington | — | — |
Commercial property in Griswold, CT asks $81/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Griswold?
Commercial property in Griswold, CT asks an average of $81 per square foot. The 5 most recent recorded sales traded at a median of $80/SF, so asking sits 1% above the achieved median. Retail carries the highest asking price at $305/SF.
How much does it cost to lease commercial space in Griswold?
Asking lease rates in Griswold, CT average $15.24 per square foot per year.
What zoning applies to commercial property in Griswold?
Griswold, CT zones 21,899 acres across 7 districts, of which 7.1% is commercial and 0.2% industrial. The largest single district is Rural Residential at 34.3% of zoned land. Residential zoning covers 70.5% and open space 22.3%.
Where does Realmo's Griswold market data come from?
Realmo compiles Griswold, CT figures from 6 recent recorded sales, 145 active sale listings, 58 active lease listings, 1,413 tracked off-market properties, the current Griswold zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 145 active for-sale and 58 active for-lease listings in Griswold, 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: 21,899 zoned acres across 7 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
