Commercial Real Estate Market in New Haven, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
678 active listings and 5,552 off-market properties in New Haven, CT. Commercial property asks $147/SF to buy and $18.67/SF/Yr to lease. Office vacancy runs 17.2%, the loosest of the segments tracked here.
Market Trends
New Haven, CT spans 102.7 square miles in New Haven County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in New Haven, CT asks $20.52/SF/Yr to lease and $126/SF to buy. Vacancy runs 17.2% in 2025, up from 11.9% in 2019. Down from a 2022 peak of 18.8%.
Retail
Retail space in New Haven, CT asks $155/SF to buy. Vacancy runs 9.2% in 2025, up from 8.5% in 2020. Nearly 1.3x the 2022 low of 6.9%.
Average Sale Price $/SF
Listings
Vacancy Rate %
Industrial
Industrial vacancy in New Haven, CT runs 4.1% in 2025, down from 4.9% in 2019. Nearly 1.8x the 2024 low of 2.3%.
Vacancy Rate %
Multifamily
Multifamily space in New Haven, CT asks $189/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 Haven, CT has 237,169 residents in 102,240 households. Density runs 2,309 people per square mile. Median household income here is $76,459 and median gross rent $1,513 a month.
237,169
Population
102,240
Households
2.3
Avg Household Size
35
Median Age
41%
College-Educated
90%
High-School Grad
102.7 sq mi
ZIP Area
2,309
Density / Sq Mi
$76,459
Median Household Income
$43,598
Median Earnings
$1,513
Median Rent
$293,903
Median Home Value
Tools
Lease vs Buy Breakeven
At $18.67/SF/Yr lease vs $147/SF buy → buying wins if held > 0.9 years.
At a 12.7% 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 |
|---|---|---|
| North Branford | — | $16.05 |
| North Haven | — | $14.74 |
| Seymour | — | $27.15 |
| Northford | — | — |
Commercial property in New Haven, CT asks $147/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Haven?
Commercial property in New Haven, CT asks an average of $147 per square foot. The 7 most recent recorded sales traded at a median of $234/SF. Multifamily carries the highest asking price at $189/SF.
How much does it cost to lease commercial space in New Haven?
Asking lease rates in New Haven, CT average $18.67 per square foot per year. Office asks $20.52/SF/Yr as of Q1 26, up from $14.37/SF/Yr in Q4 25.
What is the office vacancy rate in New Haven?
Office vacancy in New Haven, CT is 17.2% as of 2025, up from 11.9% in 2019. Retail vacancy is 9.2%, below Office vacancy.
Which property type has the lowest vacancy in New Haven?
Industrial has the lowest vacancy in New Haven, CT at 4.1%, inside a 2.3–4.9% band since 2019. For comparison: office 17.2%, retail 9.2% and multifamily 5.6% (Northeast).
Is it cheaper to lease or buy commercial space in New Haven?
Buying beats leasing in New Haven, CT if the property is held longer than 0.9 years, comparing $18.67/SF/Yr asking rent with $147/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.
Where does Realmo's New Haven market data come from?
Realmo compiles New Haven, CT figures from 8 recent recorded sales, 353 active sale listings, 325 active lease listings, 5,552 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 353 active for-sale and 325 active for-lease listings in New Haven, 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
- multifamily 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
