Commercial Real Estate Market in Sprague, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
23 active listings and 190 off-market properties in Sprague, CT. Commercial property asks $487/SF to buy and $9.00/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sprague, 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 Sprague, 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 Sprague, 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 Sprague, 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 67.3%
- Agricultural 19.8%
- Industrial 5.8%
Largest Zones share of zoned land by district
Natural Resource Protection
Rural
Industrial
Baltic Village Zone
Versailles Village Zone
Sprague, CT zones 8,351 acres across 7 districts. The largest single district is Natural Resource Protection at 67.3%. For commercial buyers the practical constraint is that only 5.8% of land carries a commercial or industrial designation.
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Franklin | — | — |
| Lisbon | — | — |
Commercial property in Sprague, CT asks $487/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sprague?
Commercial property in Sprague, CT asks an average of $487 per square foot. The 4 most recent recorded sales traded at a median of $137/SF, so asking sits 256% above the achieved median. Retail carries the highest asking price at $305/SF.
How much does it cost to lease commercial space in Sprague?
Asking lease rates in Sprague, CT average $9.00 per square foot per year.
What zoning applies to commercial property in Sprague?
Sprague, CT zones 8,351 acres across 7 districts, of which 0% is commercial and 5.8% industrial. The largest single district is Natural Resource Protection at 67.3% of zoned land. Residential zoning covers 67.3% and open space 0%.
Where does Realmo's Sprague market data come from?
Realmo compiles Sprague, CT figures from 6 recent recorded sales, 21 active sale listings, 2 active lease listings, 190 tracked off-market properties, the current Sprague zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 2 active for-lease listings in Sprague, 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: 8,351 zoned acres across 7 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 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
