Commercial Real Estate Market in Meriden, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
173 active listings and 1,185 off-market properties in Meriden, CT. Commercial property asks $125/SF to buy and $16.60/SF/Yr to lease.
Market Trends
Meriden, CT spans 23.7 square miles in New Haven County, Connecticut. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Meriden, CT asks $195/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 Meriden, CT asks $136/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 Meriden, 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 Meriden, CT asks $187/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 77.2%
- Industrial 7.1%
- Commercial 7.1%
- Planned_development 3.5%
- Mixed use 2.5%
- Open space 0.7%
- Civic 0.3%
Largest Zones share of zoned land by district
Single Family Residential
Rural Residential
Suburban Residential
Multiple Family Residential
Two Or Three Family Residential
Meriden, CT zones 15,378 acres across 25 districts. Commercial zoning covers 7.1% of zoned land, residential 77.2%, open space 0.7% and industrial 7.1%. The largest single district is Single Family Residential at 35.4%. For commercial buyers the practical constraint is that only 14.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Meriden, CT has 60,901 residents in 26,804 households. Density runs 2,564 people per square mile. Median household income here is $68,601 and median gross rent $1,242 a month.
60,901
Population
26,804
Households
2.3
Avg Household Size
39
Median Age
22%
College-Educated
86%
High-School Grad
23.7 sq mi
ZIP Area
2,564
Density / Sq Mi
$68,601
Median Household Income
$44,343
Median Earnings
$1,242
Median Rent
$221,626
Median Home Value
Tools
Lease vs Buy Breakeven
At $16.60/SF/Yr lease vs $125/SF buy → buying wins if held > 0.9 years.
At a 13.3% 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 |
|---|---|---|
| Middlefield | — | $15.21 |
| Durham | — | $14.20 |
| Wallingford | — | $16.19 |
| Middletown | — | $15.98 |
Commercial property in Meriden, CT asks $125/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Meriden?
Commercial property in Meriden, CT asks an average of $125 per square foot. The 4 most recent recorded sales traded at a median of $113/SF, so asking sits 11% above the achieved median. Office carries the highest asking price at $195/SF.
How much does it cost to lease commercial space in Meriden?
Asking lease rates in Meriden, CT average $16.60 per square foot per year.
Is it cheaper to lease or buy commercial space in Meriden?
Buying beats leasing in Meriden, CT if the property is held longer than 0.9 years, comparing $16.60/SF/Yr asking rent with $125/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 Meriden?
Meriden, CT zones 15,378 acres across 25 districts, of which 7.1% is commercial and 7.1% industrial. The largest single district is Single Family Residential at 35.4% of zoned land. Residential zoning covers 77.2% and open space 0.7%.
Where does Realmo's Meriden market data come from?
Realmo compiles Meriden, CT figures from 4 recent recorded sales, 85 active sale listings, 88 active lease listings, 1,185 tracked off-market properties, the current Meriden zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 85 active for-sale and 88 active for-lease listings in Meriden, 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: 15,378 zoned acres across 25 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
