Commercial Real Estate Market in Middlebury, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
455 active listings and 2,706 off-market properties in Middlebury, CT. Commercial property asks $160/SF to buy and $14.24/SF/Yr to lease.
Market Trends
Middlebury, CT spans 17.8 square miles in New Haven County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Middlebury, CT asks $237/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 Middlebury, CT asks $172/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 Middlebury, 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 Middlebury, 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 90.8%
- Industrial 6.1%
- Commercial 2.3%
Largest Zones share of zoned land by district
Residential District
Residential District
Planned Residential Development District Overlay
Light Industrial District
Residential And Lake Quassapaug Preservation District Overlay
Middlebury, CT zones 11,790 acres across 21 districts. Commercial zoning covers 2.3% of zoned land, residential 90.8% and industrial 6.1%. The largest single district is Residential District at 38.2%. For commercial buyers the practical constraint is that only 8.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Middlebury, CT has 7,574 residents in 3,071 households. Density runs 427 people per square mile. Median household income here is $142,750.
7,574
Population
3,071
Households
2.5
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
17.8 sq mi
ZIP Area
427
Density / Sq Mi
$142,750
Median Household Income
$66,184
Median Earnings
$0
Median Rent
$452,000
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.24/SF/Yr lease vs $160/SF buy → buying wins if held > 1.8 years.
At a 8.9% 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 |
|---|---|---|
| Union City | — | $15.16 |
| Waterbury | — | $14.24 |
| Southbury | — | $17.24 |
| Woodbury | — | $16.05 |
Commercial property in Middlebury, CT asks $160/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Middlebury?
Commercial property in Middlebury, CT asks an average of $160 per square foot. The 4 most recent recorded sales traded at a median of $104/SF, so asking sits 54% above the achieved median. Office carries the highest asking price at $237/SF.
How much does it cost to lease commercial space in Middlebury?
Asking lease rates in Middlebury, CT average $14.24 per square foot per year.
Is it cheaper to lease or buy commercial space in Middlebury?
Buying beats leasing in Middlebury, CT if the property is held longer than 1.8 years, comparing $14.24/SF/Yr asking rent with $160/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 Middlebury?
Middlebury, CT zones 11,790 acres across 21 districts, of which 2.3% is commercial and 6.1% industrial. The largest single district is Residential District at 38.2% of zoned land. Residential zoning covers 90.8% and open space 0%.
Where does Realmo's Middlebury market data come from?
Realmo compiles Middlebury, CT figures from 7 recent recorded sales, 266 active sale listings, 189 active lease listings, 2,706 tracked off-market properties, the current Middlebury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 266 active for-sale and 189 active for-lease listings in Middlebury, 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: 11,790 zoned acres across 21 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
