Commercial Real Estate Market in Mansfield Center, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
71 active listings and 458 off-market properties in Mansfield Center, CT. Commercial property asks $221/SF to buy and $20.29/SF/Yr to lease.
Market Trends
Mansfield Center, CT spans 36.0 square miles in Windham County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Mansfield Center, 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 Mansfield Center, CT asks $152/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 Mansfield Center, 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 Mansfield Center, CT asks $143/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
Market overview
Demographics & Economy
Mansfield Center, CT has 7,040 residents in 2,795 households. Density runs 196 people per square mile. Median household income here is $101,437 and median gross rent $1,550 a month.
7,040
Population
2,795
Households
2.5
Avg Household Size
43
Median Age
45%
College-Educated
96%
High-School Grad
36 sq mi
ZIP Area
196
Density / Sq Mi
$101,437
Median Household Income
$51,678
Median Earnings
$1,550
Median Rent
$273,740
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.29/SF/Yr lease vs $221/SF buy → buying wins if held > 1.6 years.
At a 9.2% 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.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mansfield Center?
Commercial property in Mansfield Center, CT asks an average of $221 per square foot. The 4 most recent recorded sales traded at a median of $207/SF, so asking sits 7% above the achieved median. Retail carries the highest asking price at $152/SF.
How much does it cost to lease commercial space in Mansfield Center?
Asking lease rates in Mansfield Center, CT average $20.29 per square foot per year.
Is it cheaper to lease or buy commercial space in Mansfield Center?
Buying beats leasing in Mansfield Center, CT if the property is held longer than 1.6 years, comparing $20.29/SF/Yr asking rent with $221/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.
Where does Realmo's Mansfield Center market data come from?
Realmo compiles Mansfield Center, CT figures from 6 recent recorded sales, 41 active sale listings, 30 active lease listings, 458 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 41 active for-sale and 30 active for-lease listings in Mansfield Center, 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.
- 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
