Commercial Real Estate Market in Old Lyme, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
30 active listings and 304 off-market properties in Old Lyme, CT. Commercial property asks $2,096/SF to buy and $32.00/SF/Yr to lease.
Market Trends
Old Lyme, CT spans 54.0 square miles in New London County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Old Lyme, CT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Old Lyme, CT asks $305/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 Old Lyme, 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 Old Lyme, 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
Old Lyme, CT has 9,840 residents in 5,503 households. Density runs 182 people per square mile. Median household income here is $127,429 and median gross rent $1,891 a month.
9,840
Population
5,503
Households
1.8
Avg Household Size
53
Median Age
56%
College-Educated
98%
High-School Grad
54 sq mi
ZIP Area
182
Density / Sq Mi
$127,429
Median Household Income
$60,139
Median Earnings
$1,891
Median Rent
$468,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fenwick | — | $15.30 |
| Essex | — | $13.46 |
| East Lyme | — | $16.91 |
Commercial property in Old Lyme, CT asks $2,096/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Old Lyme?
Commercial property in Old Lyme, CT asks an average of $2,096 per square foot. The 3 most recent recorded sales traded at a median of $159/SF, so asking sits 1218% above the achieved median. Retail carries the highest asking price at $305/SF.
How much does it cost to lease commercial space in Old Lyme?
Asking lease rates in Old Lyme, CT average $32.00 per square foot per year.
Where does Realmo's Old Lyme market data come from?
Realmo compiles Old Lyme, CT figures from 6 recent recorded sales, 19 active sale listings, 11 active lease listings, 304 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 11 active for-lease listings in Old Lyme, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
