Commercial Real Estate Market in Madison, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 565 off-market properties in Madison, CT. Commercial property asks $1,126/SF to buy and $17.79/SF/Yr to lease.
Market Trends
Madison, CT spans 36.2 square miles in New Haven County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Madison, CT asks $126/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 Madison, CT asks $155/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 Madison, 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 Madison, CT asks $189/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 97.2%
- Open space 1.1%
- Commercial 1%
- Industrial 0.5%
Largest Zones share of zoned land by district
Rural Residence District 80000 Square Feet
Residence District 40000 Square Feet
Rural Residence District 60000 Square Feet
Residence District 40000 Square Feet
Residence District 20000 Square Feet
Madison, CT zones 23,575 acres across 19 districts. Commercial zoning covers 1% of zoned land, residential 97.2%, open space 1.1% and industrial 0.5%. The largest single district is Rural Residence District 80000 Square Feet at 67.6%. For commercial buyers the practical constraint is that only 1.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Madison, CT has 17,713 residents in 8,020 households. Density runs 490 people per square mile. Median household income here is $168,341 and median gross rent $2,046 a month.
17,713
Population
8,020
Households
2.2
Avg Household Size
51
Median Age
72%
College-Educated
99%
High-School Grad
36.2 sq mi
ZIP Area
490
Density / Sq Mi
$168,341
Median Household Income
$75,313
Median Earnings
$2,046
Median Rent
$534,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clinton | — | $13.09 |
| Westbrook | — | $12.35 |
| Ivoryton | — | — |
| Deep River | — | $12.39 |
Commercial property in Madison, CT asks $1,126/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madison?
Commercial property in Madison, CT asks an average of $1,126 per square foot. The 6 most recent recorded sales traded at a median of $318/SF, so asking sits 254% above the achieved median. Multifamily carries the highest asking price at $189/SF.
How much does it cost to lease commercial space in Madison?
Asking lease rates in Madison, CT average $17.79 per square foot per year.
What zoning applies to commercial property in Madison?
Madison, CT zones 23,575 acres across 19 districts, of which 1% is commercial and 0.5% industrial. The largest single district is Rural Residence District 80000 Square Feet at 67.6% of zoned land. Residential zoning covers 97.2% and open space 1.1%.
Where does Realmo's Madison market data come from?
Realmo compiles Madison, CT figures from 8 recent recorded sales, 14 active sale listings, 9 active lease listings, 565 tracked off-market properties, the current Madison zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 9 active for-lease listings in Madison, 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: 23,575 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
