Commercial Real Estate Market in North Franklin, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 122 off-market properties in North Franklin, CT. Commercial property asks $35/SF to buy and $12.00/SF/Yr to lease.
Market Trends
North Franklin, CT spans 19.7 square miles in New London County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Franklin, 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 North Franklin, 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 North Franklin, 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 North Franklin, CT asks $177/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
North Franklin, CT has 1,863 residents in 754 households. Density runs 95 people per square mile. Median household income here is $100,179 and median gross rent $700 a month.
1,863
Population
754
Households
2.5
Avg Household Size
48
Median Age
29%
College-Educated
96%
High-School Grad
19.7 sq mi
ZIP Area
95
Density / Sq Mi
$100,179
Median Household Income
$57,045
Median Earnings
$700
Median Rent
$288,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Yantic | — | — |
| South Windham | — | — |
| Hanover | — | — |
| Gilman | — | — |
Commercial property in North Franklin, CT asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Franklin?
Commercial property in North Franklin, CT asks an average of $35 per square foot. The 3 most recent recorded sales traded at a median of $74/SF. Multifamily carries the highest asking price at $177/SF.
How much does it cost to lease commercial space in North Franklin?
Asking lease rates in North Franklin, CT average $12.00 per square foot per year.
Where does Realmo's North Franklin market data come from?
Realmo compiles North Franklin, CT figures from 3 recent recorded sales, 8 active sale listings, 2 active lease listings, 122 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 8 active for-sale and 2 active for-lease listings in North Franklin, 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
