Commercial Real Estate Market in New Canaan, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
37 active listings and 372 off-market properties in New Canaan, CT. Commercial property asks $1,007/SF to buy and $15.31/SF/Yr to lease.
Market Trends
New Canaan, CT spans 22.2 square miles in Fairfield County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in New Canaan, CT asks $187/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 Canaan, CT asks $189/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 Canaan, 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 Canaan, 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
Market overview
Demographics & Economy
New Canaan, CT has 20,612 residents in 7,668 households. Density runs 929 people per square mile. Median household income here is $250,001 and median gross rent $3,501 a month.
20,612
Population
7,668
Households
2.7
Avg Household Size
42
Median Age
83%
College-Educated
98%
High-School Grad
22.2 sq mi
ZIP Area
929
Density / Sq Mi
$250,001
Median Household Income
$106,456
Median Earnings
$3,501
Median Rent
$1,534,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Norwalk | — | $29.93 |
| Scotts Corners | — | — |
| Tokeneke | — | — |
| Wilton | — | $21.14 |
Commercial property in New Canaan, CT asks $1,007/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Canaan?
Commercial property in New Canaan, CT asks an average of $1,007 per square foot. The 4 most recent recorded sales traded at a median of $594/SF, so asking sits 70% above the achieved median. Multifamily carries the highest asking price at $229/SF.
How much does it cost to lease commercial space in New Canaan?
Asking lease rates in New Canaan, CT average $15.31 per square foot per year.
Where does Realmo's New Canaan market data come from?
Realmo compiles New Canaan, CT figures from 7 recent recorded sales, 31 active sale listings, 6 active lease listings, 372 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 31 active for-sale and 6 active for-lease listings in New Canaan, 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
