Commercial Real Estate Market in Naugatuck, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
83 active listings and 485 off-market properties in Naugatuck, CT. Commercial property asks $144/SF to buy and $15.22/SF/Yr to lease.
Market Trends
Naugatuck, CT spans 16.4 square miles in New Haven County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Naugatuck, 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 Naugatuck, 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 Naugatuck, 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 Naugatuck, 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 81.3%
- Planned_development 6.1%
- Industrial 4%
- Commercial 2.8%
Largest Zones share of zoned land by district
Residence
Residence
Residence
Residence
Residence
Naugatuck, CT zones 10,517 acres across 29 districts. Commercial zoning covers 2.8% of zoned land, residential 81.3% and industrial 4%. The largest single district is Residence at 27.4%. For commercial buyers the practical constraint is that only 6.8% of land carries a commercial or industrial designation.
Residence (R-65)
Residence R-65 District R-65 Residence R-45 District R-45 Residence R-30 District R-30 Residence R-15 District R-15 Residence R-8 District R-8 Residence RA-1 District RA-1 Residence RA-2 District RA-2 Residence RO-1 District RO-1 Business District #1 B-1 Business District #2 B-2 Business District #3 B-3 Business District #4 B-4 Industrial District #1 I-1 Ind…
Market overview
Demographics & Economy
Naugatuck, CT has 31,634 residents in 13,156 households. Density runs 1,931 people per square mile. Median household income here is $92,047 and median gross rent $1,309 a month.
31,634
Population
13,156
Households
2.4
Avg Household Size
40
Median Age
32%
College-Educated
91%
High-School Grad
16.4 sq mi
ZIP Area
1,931
Density / Sq Mi
$92,047
Median Household Income
$47,615
Median Earnings
$1,309
Median Rent
$241,500
Median Home Value
Tools
Lease vs Buy Breakeven
At $15.22/SF/Yr lease vs $144/SF buy → buying wins if held > 1.2 years.
At a 10.6% 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 | — | $15.22 |
| Waterbury | — | $14.19 |
| Seymour | — | $27.60 |
Commercial property in Naugatuck, CT asks $144/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Naugatuck?
Commercial property in Naugatuck, CT asks an average of $144 per square foot. The 3 most recent recorded sales traded at a median of $185/SF. Office carries the highest asking price at $237/SF.
How much does it cost to lease commercial space in Naugatuck?
Asking lease rates in Naugatuck, CT average $15.22 per square foot per year.
Is it cheaper to lease or buy commercial space in Naugatuck?
Buying beats leasing in Naugatuck, CT if the property is held longer than 1.2 years, comparing $15.22/SF/Yr asking rent with $144/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 Naugatuck?
Naugatuck, CT zones 10,517 acres across 29 districts, of which 2.8% is commercial and 4% industrial. The largest single district is Residence at 27.4% of zoned land. Residence R-65 District R-65 Residence R-45 District R-45 Residence R-30 District R-30 Residence R-15 District R-15 Residence R-8 District R-8 Residence RA-1 District RA-1 Residence RA-2 District RA-2 Residence RO-1 District RO-1 Business District #1 B-1 Business District #2 B-2 Business District #3 B-3 Business District #4 B-4 Industrial District #1 I-1 Ind… Residential zoning covers 81.3% and open space 0%.
Where does Realmo's Naugatuck market data come from?
Realmo compiles Naugatuck, CT figures from 4 recent recorded sales, 55 active sale listings, 28 active lease listings, 485 tracked off-market properties, the current Naugatuck zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 55 active for-sale and 28 active for-lease listings in Naugatuck, 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: 10,517 zoned acres across 29 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
