Commercial Real Estate Market in Norfolk, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 42 off-market properties in Norfolk, CT.
Market Trends
Norfolk, CT spans 50.4 square miles in Litchfield County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Norfolk, CT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Norfolk, CT runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Norfolk, 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 Norfolk, CT asks $147/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 99%
- Industrial 0.9%
- Commercial 0.1%
Largest Zones share of zoned land by district
Rural Residential
Neighborhood Residential
Village Residential
Commercial Industrial
Village Business
Norfolk, CT zones 29,747 acres across 6 districts. Commercial zoning covers 0.1% of zoned land, residential 99% and industrial 0.9%. The largest single district is Rural Residential at 95.8%. For commercial buyers the practical constraint is that only 1% of land carries a commercial or industrial designation.
Rural Residential (RR)
The purpose of this district is to provide suitable areas for residential uses and development appropriate to the environmental characteristics of the land, including soil types, terrain, infrastructure capacity, and the characteristics of the neighborhood
Market overview
Demographics & Economy
Norfolk, CT has 1,677 residents in 973 households. Density runs 33 people per square mile. Median household income here is $85,859 and median gross rent $1,207 a month.
1,677
Population
973
Households
1.7
Avg Household Size
52
Median Age
45%
College-Educated
98%
High-School Grad
50.4 sq mi
ZIP Area
33
Density / Sq Mi
$85,859
Median Household Income
$47,321
Median Earnings
$1,207
Median Rent
$379,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Canaan | — | — |
| Colbrook | — | — |
| Canaan | — | — |
| Sandisfield | — | — |
Commercial property in Norfolk, CT asks $1,024/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norfolk?
Commercial property in Norfolk, CT asks an average of $1,024 per square foot. The 3 most recent recorded sales traded at a median of $163/SF, so asking sits 527% above the achieved median. Multifamily carries the highest asking price at $147/SF.
What zoning applies to commercial property in Norfolk?
Norfolk, CT zones 29,747 acres across 6 districts, of which 0.1% is commercial and 0.9% industrial. The largest single district is Rural Residential at 95.8% of zoned land. The purpose of this district is to provide suitable areas for residential uses and development appropriate to the environmental characteristics of the land, including soil types, terrain, infrastructure capacity, and the characteristics of the neighborhood Residential zoning covers 99% and open space 0%.
Where does Realmo's Norfolk market data come from?
Realmo compiles Norfolk, CT figures from 3 recent recorded sales, 7 active sale listings, 1 active lease listings, 42 tracked off-market properties, the current Norfolk zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 1 active for-lease listings in Norfolk, 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: 29,747 zoned acres across 6 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 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
