Commercial Real Estate Market in Sherman, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 12 off-market properties in Sherman, CT. Commercial property asks $1,047/SF to buy and $50.56/SF/Yr to lease.
Market Trends
Sherman, CT spans 22.0 square miles in Fairfield County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Sherman, CT asks $187/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 space in Sherman, CT asks $189/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 Sherman, 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 Sherman, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 99%
- Commercial 0.9%
- Special 0.1%
Largest Zones share of zoned land by district
Farm Residence
Residence
Business And Residence
Historic
Sherman, CT zones 14,232 acres across 4 districts. Commercial zoning covers 0.9% of zoned land, residential 99%. The largest single district is Farm Residence at 79.8%. For commercial buyers the practical constraint is that only 0.9% of land carries a commercial or industrial designation.
Farm Residence (A)
Zone A - Farm Residence Zone Zone B - Residence Zone Zone C - Business and Residence Zone Zone D - Historic District SECTION 210. ZONING MAP: The map entitled “Zoning Map, Town of Sherman” is incorporated into and becomes a part of these Regulations. 211. Description of Zones: (All directions given in the following descriptions are based on magnetic north.)…
Market overview
Demographics & Economy
Sherman, CT has 3,607 residents in 1,971 households. Density runs 164 people per square mile. Median household income here is $106,313 and median gross rent $1,740 a month.
3,607
Population
1,971
Households
1.8
Avg Household Size
52
Median Age
62%
College-Educated
96%
High-School Grad
22 sq mi
ZIP Area
164
Density / Sq Mi
$106,313
Median Household Income
$74,737
Median Earnings
$1,740
Median Rent
$518,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gaylordsville | — | — |
| Pawling | — | — |
| Wingdale | — | — |
| Patterson | — | — |
Commercial property in Sherman, CT asks $1,047/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sherman?
Commercial property in Sherman, CT asks an average of $1,047 per square foot. Multifamily carries the highest asking price at $229/SF.
How much does it cost to lease commercial space in Sherman?
Asking lease rates in Sherman, CT average $50.56 per square foot per year.
What zoning applies to commercial property in Sherman?
Sherman, CT zones 14,232 acres across 4 districts, of which 0.9% is commercial and 0% industrial. The largest single district is Farm Residence at 79.8% of zoned land. Zone A - Farm Residence Zone Zone B - Residence Zone Zone C - Business and Residence Zone Zone D - Historic District SECTION 210. ZONING MAP: The map entitled “Zoning Map, Town of Sherman” is incorporated into and becomes a part of these Regulations. 211. Description of Zones: (All directions given in the following descriptions are based on magnetic north.)… Residential zoning covers 99% and open space 0%.
Where does Realmo's Sherman market data come from?
Realmo compiles Sherman, CT figures from 11 active sale listings, 1 active lease listings, 12 tracked off-market properties, the current Sherman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 1 active for-lease listings in Sherman, 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: 14,232 zoned acres across 4 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
