Commercial Real Estate Market in Litchfield, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
56 active listings and 476 off-market properties in Litchfield, CT. Commercial property asks $236/SF to buy and $16.27/SF/Yr to lease.
Market Trends
Litchfield, CT spans 53.7 square miles in Litchfield County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Litchfield, CT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Litchfield, CT runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Litchfield, 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 Litchfield, CT asks $147/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 98.9%
- Commercial 0.6%
- Special 0.1%
Largest Zones share of zoned land by district
Rural Residences
Large Rural Residence
Historic Residences
Historic Residences
Gateway Residences
Litchfield, CT zones 35,450 acres across 11 districts. Commercial zoning covers 0.6% of zoned land, residential 98.9%. The largest single district is Rural Residences at 84.9%. For commercial buyers the practical constraint is that only 0.6% of land carries a commercial or industrial designation.
Historic Residences (HR-20)
Housing − Club − Farm Stand (Temporary) − Farm Winery − Philanthropic, Instructional and Educational Institutions − Two-Family Dwelling (Duplex) − Worship Place 9. Accessory Structures: Allowed subject to Zoning Permit. HR-20 The HR-20 district is characterized by medium-to-large sized homes on lots smaller than those in the HR-30 district, and the regulatio…
Market overview
Demographics & Economy
Litchfield, CT has 5,729 residents in 2,885 households. Density runs 107 people per square mile. Median household income here is $113,472 and median gross rent $1,313 a month.
5,729
Population
2,885
Households
2
Avg Household Size
51
Median Age
57%
College-Educated
97%
High-School Grad
53.7 sq mi
ZIP Area
107
Density / Sq Mi
$113,472
Median Household Income
$57,329
Median Earnings
$1,313
Median Rent
$430,100
Median Home Value
Tools
Lease vs Buy Breakeven
At $16.27/SF/Yr lease vs $236/SF buy → buying wins if held > 3.4 years.
At a 6.9% 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 |
|---|---|---|
| Morris | — | — |
| Warren | — | $19.14 |
| Washington Depot | — | — |
| Bethlehem | — | — |
Commercial property in Litchfield, CT asks $236/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Litchfield?
Commercial property in Litchfield, CT asks an average of $236 per square foot. The 4 most recent recorded sales traded at a median of $222/SF, so asking sits 6% above the achieved median. Multifamily carries the highest asking price at $147/SF.
How much does it cost to lease commercial space in Litchfield?
Asking lease rates in Litchfield, CT average $16.27 per square foot per year.
Is it cheaper to lease or buy commercial space in Litchfield?
Buying beats leasing in Litchfield, CT if the property is held longer than 3.4 years, comparing $16.27/SF/Yr asking rent with $236/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.
What zoning applies to commercial property in Litchfield?
Litchfield, CT zones 35,450 acres across 11 districts, of which 0.6% is commercial and 0% industrial. The largest single district is Rural Residences at 84.9% of zoned land. Residential zoning covers 98.9% and open space 0%.
Where does Realmo's Litchfield market data come from?
Realmo compiles Litchfield, CT figures from 7 recent recorded sales, 27 active sale listings, 29 active lease listings, 476 tracked off-market properties, the current Litchfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 29 active for-lease listings in Litchfield, 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: 35,450 zoned acres across 11 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
