Commercial Real Estate Market in Manchester, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
130 active listings and 1,362 off-market properties in Manchester, CT. Commercial property asks $62/SF to buy and $22.70/SF/Yr to lease.
Market Trends
Manchester, CT spans 27.4 square miles in Hartford County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Manchester, 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 Manchester, 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 Manchester, 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 Manchester, 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 82%
- Industrial 10.4%
- Mixed use 3.6%
- Planned_development 2.1%
- Commercial 1.2%
- Civic 0.8%
Largest Zones share of zoned land by district
Rural Residence
Residence A
Residence Aa
Industrial
Residence B
Manchester, CT zones 15,488 acres across 24 districts. Commercial zoning covers 1.2% of zoned land, residential 82% and industrial 10.4%. The largest single district is Rural Residence at 40.2%. For commercial buyers the practical constraint is that only 11.6% of land carries a commercial or industrial designation.
Industrial (IND)
An industrial zoned district is an area for commercial operations and uses of a type which are not generally suitable or appropriate in retail sales areas
Market overview
Demographics & Economy
Manchester, CT has 59,720 residents in 26,465 households. Density runs 2,179 people per square mile. Median household income here is $86,509 and median gross rent $1,507 a month.
59,720
Population
26,465
Households
2.3
Avg Household Size
38
Median Age
40%
College-Educated
94%
High-School Grad
27.4 sq mi
ZIP Area
2,179
Density / Sq Mi
$86,509
Median Household Income
$52,067
Median Earnings
$1,507
Median Rent
$230,969
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Glastonbury | — | $24.24 |
| E Glstnbry | — | — |
| Wapping | — | $15.73 |
| Vernon | — | $40.26 |
Commercial property in Manchester, CT asks $62/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manchester?
Commercial property in Manchester, CT asks an average of $62 per square foot. The 5 most recent recorded sales traded at a median of $77/SF. Multifamily carries the highest asking price at $159/SF.
How much does it cost to lease commercial space in Manchester?
Asking lease rates in Manchester, CT average $22.70 per square foot per year.
What zoning applies to commercial property in Manchester?
Manchester, CT zones 15,488 acres across 24 districts, of which 1.2% is commercial and 10.4% industrial. The largest single district is Rural Residence at 40.2% of zoned land. Residential zoning covers 82% and open space 0%.
Where does Realmo's Manchester market data come from?
Realmo compiles Manchester, CT figures from 6 recent recorded sales, 72 active sale listings, 58 active lease listings, 1,362 tracked off-market properties, the current Manchester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 72 active for-sale and 58 active for-lease listings in Manchester, 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: 15,488 zoned acres across 24 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
