Commercial Real Estate Market in Mansfield, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
66 active listings and 458 off-market properties in Mansfield, CT. Commercial property asks $213/SF to buy and $20.60/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Mansfield, 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, 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, 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, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 32.9%
- Civic 32.8%
- Commercial 18.7%
- Industrial 13.7%
Largest Zones share of zoned land by district
Institutional
Residence 90
Research And Development Limited Industrial
Planned Business 1
Planned Business 5
Institutional (I)
I Institutional Zone - DD SC-SDD Storrs Center Special Design District PVRA Pleasant Valley Residence/Agriculture Zone - DD PVCA Pleasant Valley Commercial/Agriculture Zone - DD W Water Pipeline Overlay Zone B. The following zones are designated as "Design Development" districts and in addition to all other requirements shall comply with the provisions of §…
Market overview
Tools
Lease vs Buy Breakeven
At $20.60/SF/Yr lease vs $213/SF buy → buying wins if held > 1.5 years.
At a 9.7% 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 |
|---|---|---|
| North Windham | — | $20.60 |
| Coventry | — | — |
Commercial property in Mansfield, CT asks $213/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mansfield?
Commercial property in Mansfield, CT asks an average of $213 per square foot. The 4 most recent recorded sales traded at a median of $207/SF, so asking sits 3% above the achieved median. Retail carries the highest asking price at $152/SF.
How much does it cost to lease commercial space in Mansfield?
Asking lease rates in Mansfield, CT average $20.60 per square foot per year.
Is it cheaper to lease or buy commercial space in Mansfield?
Buying beats leasing in Mansfield, CT if the property is held longer than 1.5 years, comparing $20.60/SF/Yr asking rent with $213/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 market data come from?
Realmo compiles Mansfield, CT figures from 6 recent recorded sales, 38 active sale listings, 28 active lease listings, 458 tracked off-market properties, the current Mansfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 28 active for-lease listings in Mansfield, 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: 5,156 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 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
