Commercial Real Estate Market in New Britain, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
141 active listings and 1,227 off-market properties in New Britain, CT. Commercial property asks $81/SF to buy and $14.60/SF/Yr to lease.
Market Trends
New Britain, CT spans 14.6 square miles in Hartford County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in New Britain, CT asks $153/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 New Britain, CT asks $137/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 New Britain, 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 New Britain, CT asks $159/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
Market overview
Demographics & Economy
New Britain, CT has 74,175 residents in 32,524 households. Density runs 5,065 people per square mile. Median household income here is $58,188 and median gross rent $1,203 a month.
74,175
Population
32,524
Households
2.3
Avg Household Size
35
Median Age
18%
College-Educated
82%
High-School Grad
14.6 sq mi
ZIP Area
5,065
Density / Sq Mi
$58,188
Median Household Income
$35,823
Median Earnings
$1,203
Median Rent
$204,881
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kensington | — | $15.13 |
| Plainville | — | $38.70 |
| East Berlin | — | — |
| Farmington | — | $19.09 |
Commercial property in New Britain, CT asks $81/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Britain?
Commercial property in New Britain, CT asks an average of $81 per square foot. The 4 most recent recorded sales traded at a median of $110/SF. Multifamily carries the highest asking price at $159/SF.
How much does it cost to lease commercial space in New Britain?
Asking lease rates in New Britain, CT average $14.60 per square foot per year.
Where does Realmo's New Britain market data come from?
Realmo compiles New Britain, CT figures from 7 recent recorded sales, 98 active sale listings, 43 active lease listings, 1,227 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 98 active for-sale and 43 active for-lease listings in New Britain, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 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 August 2026 · report a data issue
