Commercial Real Estate Market in Northville, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
68 active listings and 985 off-market properties in Northville, CT. Commercial property asks $177/SF to buy and $16.86/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Northville, CT asks $124/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 vacancy in Northville, 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 Northville, 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 Northville, CT asks $155/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
Tools
Lease vs Buy Breakeven
At $16.86/SF/Yr lease vs $177/SF buy → buying wins if held > 1.5 years.
At a 9.5% 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 |
|---|---|---|
| Washington Depot | — | — |
| Sherman | — | — |
| Roxbury | — | — |
Commercial property in Northville, CT asks $177/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northville?
Commercial property in Northville, CT asks an average of $177 per square foot. The 3 most recent recorded sales traded at a median of $74/SF, so asking sits 138% above the achieved median. Multifamily carries the highest asking price at $155/SF.
How much does it cost to lease commercial space in Northville?
Asking lease rates in Northville, CT average $16.86 per square foot per year.
Is it cheaper to lease or buy commercial space in Northville?
Buying beats leasing in Northville, CT if the property is held longer than 1.5 years, comparing $16.86/SF/Yr asking rent with $177/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 Northville market data come from?
Realmo compiles Northville, CT figures from 6 recent recorded sales, 34 active sale listings, 34 active lease listings, 985 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 34 active for-sale and 34 active for-lease listings in Northville, 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
