Commercial Real Estate Market in Hartford, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
617 active listings and 6,144 off-market properties in Hartford, CT. Commercial property asks $83/SF to buy and $17.60/SF/Yr to lease. Office vacancy runs 20.4%, the loosest of the segments tracked here.
Market Trends
Hartford, CT spans 82.6 square miles in Hartford County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hartford, CT asks $13.47/SF/Yr to lease and $153/SF to buy. Vacancy runs 20.4% in 2025, up from 16.7% in 2019. Down from a 2023 peak of 25.5%.
Retail
Retail space in Hartford, CT asks $137/SF to buy. Vacancy runs 7.1% in 2025, down from 7.8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate %
Industrial
Industrial vacancy in Hartford, CT runs 4.5% in 2025, down from 5% in 2019. Down from a 2021 peak of 5.8%.
Vacancy Rate %
Multifamily
Multifamily space in Hartford, 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
- Open space 23.6%
- Residential 21%
- Industrial 18.4%
- Mixed use 3.6%
- Commercial 2.2%
- Special 1.8%
Largest Zones share of zoned land by district
Open Space
Multi Use Mix 2
Industrial 1
Neighborhood Mix 1
Neighborhood Mix 2
Market overview
Demographics & Economy
Hartford, CT has 294,103 residents in 130,893 households. Density runs 3,560 people per square mile. Median household income here is $81,124 and median gross rent $1,373 a month.
294,103
Population
130,893
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
85%
High-School Grad
82.6 sq mi
ZIP Area
3,560
Density / Sq Mi
$81,124
Median Household Income
$48,846
Median Earnings
$1,373
Median Rent
$275,631
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bloomfield | — | $60.38 |
| Manchester | — | $22.70 |
| Glastonbury | — | $24.24 |
| E Windsor Hl | — | — |
Commercial property in Hartford, CT asks $83/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hartford?
Commercial property in Hartford, CT asks an average of $83 per square foot. The 6 most recent recorded sales traded at a median of $128/SF. Multifamily carries the highest asking price at $159/SF.
How much does it cost to lease commercial space in Hartford?
Asking lease rates in Hartford, CT average $17.60 per square foot per year. Office asks $13.47/SF/Yr as of Q1 26, down from $20.50/SF/Yr in Q4 25.
What is the office vacancy rate in Hartford?
Office vacancy in Hartford, CT is 20.4% as of 2025, up from 16.7% in 2019. Retail vacancy is 7.1%, below Office vacancy.
Which property type has the lowest vacancy in Hartford?
Industrial has the lowest vacancy in Hartford, CT at 4.5%, inside a 3.9–5.8% band since 2019. For comparison: office 20.4%, retail 7.1% and multifamily 5.6% (Northeast).
Where does Realmo's Hartford market data come from?
Realmo compiles Hartford, CT figures from 7 recent recorded sales, 318 active sale listings, 299 active lease listings, 6,144 tracked off-market properties, the current Hartford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 318 active for-sale and 299 active for-lease listings in Hartford, 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: 9,608 zoned acres across 29 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
- multifamily 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
