Commercial Real Estate Market in Putnam, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
42 active listings and 389 off-market properties in Putnam, CT. Commercial property asks $135/SF to buy and $13.58/SF/Yr to lease.
Market Trends
Putnam, CT spans 20.1 square miles in Windham County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Putnam, 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 Putnam, CT asks $88/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 Putnam, 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 Putnam, CT asks $116/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 70.6%
- Commercial 13.6%
- Industrial 8.8%
- Planned_development 2.5%
- Agricultural 1.1%
- Open space 0.1%
Largest Zones share of zoned land by district
Rural Residential
Residential
Highway Commercial
Industrial
Residential
Putnam, CT zones 1,698 acres across 13 districts. Commercial zoning covers 13.6% of zoned land, residential 70.6%, open space 0.1% and industrial 8.8%. The largest single district is Rural Residential at 40.3%. For commercial buyers the practical constraint is that only 22.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Putnam, CT has 9,236 residents in 4,289 households. Density runs 460 people per square mile. Median household income here is $67,353 and median gross rent $1,124 a month.
9,236
Population
4,289
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
85%
High-School Grad
20.1 sq mi
ZIP Area
460
Density / Sq Mi
$67,353
Median Household Income
$41,491
Median Earnings
$1,124
Median Rent
$257,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Foster | $194 (county avg) | — |
| Pascoag | $194 (county avg) | — |
Commercial property in Putnam, CT asks $135/SF. The 2 bordering markets run from $194/SF in Foster to $194/SF in Foster, and the city sits below their $194/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Putnam?
Commercial property in Putnam, CT asks an average of $135 per square foot. The 6 most recent recorded sales traded at a median of $99/SF, so asking sits 37% above the achieved median. Multifamily carries the highest asking price at $116/SF.
How much does it cost to lease commercial space in Putnam?
Asking lease rates in Putnam, CT average $13.58 per square foot per year.
How does Putnam compare to nearby markets on price?
Putnam, CT asks $135/SF against $194/SF in Foster and $194/SF in Pascoag.
What zoning applies to commercial property in Putnam?
Putnam, CT zones 1,698 acres across 13 districts, of which 13.6% is commercial and 8.8% industrial. The largest single district is Rural Residential at 40.3% of zoned land. Residential zoning covers 70.6% and open space 0.1%.
Where does Realmo's Putnam market data come from?
Realmo compiles Putnam, CT figures from 8 recent recorded sales, 28 active sale listings, 14 active lease listings, 389 tracked off-market properties, the current Putnam zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 14 active for-lease listings in Putnam, 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: 1,698 zoned acres across 13 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 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
