Commercial Real Estate Market in Montville, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
13 active listings and 78 off-market properties in Montville, CT. Commercial property asks $4,593/SF to buy and $11.00/SF/Yr to lease.
Market Trends
Montville, CT spans 0.3 square miles in New London County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Montville, 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 Montville, CT asks $305/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 Montville, 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 Montville, CT asks $229/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 62.9%
- Open space 6.7%
- Industrial 4.6%
- Commercial 3.9%
- Civic 1.6%
Largest Zones share of zoned land by district
Residential
Water Resource Protection
Residential
Residential
Residential
Montville, CT zones 26,167 acres across 12 districts. Commercial zoning covers 3.9% of zoned land, residential 62.9%, open space 6.7% and industrial 4.6%. The largest single district is Residential at 24.1%. For commercial buyers the practical constraint is that only 8.5% of land carries a commercial or industrial designation.
Residential (R20)
When abutting an R -20-M, C-1, or C -2 District, or an existing Commercial Use, Residential Use other than Single Family Home, regardless of zoning district, all effort shall be made to provide and plan for interconnected sidewalks between properties. The Decision-Making Authority may require an easement upon the Applications subject property to be filed on…
Market overview
Demographics & Economy
Montville, CT has 175 residents in 145 households. Density runs 661 people per square mile.
175
Population
145
Households
1.2
Avg Household Size
45
Median Age
21%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
661
Density / Sq Mi
$0
Median Household Income
$0
Median Earnings
$1,253
Median Rent
$0
Median Home Value
Tools
Nearby Markets
Commercial property in Montville, CT asks $4,593/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Montville?
Commercial property in Montville, CT asks an average of $4,593 per square foot. Retail carries the highest asking price at $305/SF.
How much does it cost to lease commercial space in Montville?
Asking lease rates in Montville, CT average $11.00 per square foot per year.
What zoning applies to commercial property in Montville?
Montville, CT zones 26,167 acres across 12 districts, of which 3.9% is commercial and 4.6% industrial. The largest single district is Residential at 24.1% of zoned land. Residential zoning covers 62.9% and open space 6.7%.
Where does Realmo's Montville market data come from?
Realmo compiles Montville, CT figures from 9 active sale listings, 4 active lease listings, 78 tracked off-market properties, the current Montville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 4 active for-lease listings in Montville, 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: 26,167 zoned acres across 12 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 · report a data issue
