Commercial Real Estate Market in Tolland, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
43 active listings and 174 off-market properties in Tolland, CT. Commercial property asks $165/SF to buy and $20.44/SF/Yr to lease.
Market Trends
Tolland, CT spans 40.1 square miles in Tolland County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tolland, CT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Tolland, 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 Tolland, 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 vacancy in Tolland, CT runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 20.6%
- Industrial 9.4%
- Civic 1.7%
- Residential 1.5%
Largest Zones share of zoned land by district
Gateway Design District
Village Center Zone
Technology Campus Zone
Community Commercial Zone
Tolland Business Park
Market overview
Demographics & Economy
Tolland, CT has 14,598 residents in 5,375 households. Density runs 364 people per square mile. Median household income here is $135,688 and median gross rent $1,459 a month.
14,598
Population
5,375
Households
2.7
Avg Household Size
44
Median Age
56%
College-Educated
98%
High-School Grad
40.1 sq mi
ZIP Area
364
Density / Sq Mi
$135,688
Median Household Income
$70,807
Median Earnings
$1,459
Median Rent
$332,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Willington | — | — |
| W Willington | — | — |
| Ellington | — | — |
| Storrs Mansfield | — | $25.00 |
Commercial property in Tolland, CT asks $165/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tolland?
Commercial property in Tolland, CT asks an average of $165 per square foot. The 3 most recent recorded sales traded at a median of $149/SF, so asking sits 11% above the achieved median.
How much does it cost to lease commercial space in Tolland?
Asking lease rates in Tolland, CT average $20.44 per square foot per year.
Where does Realmo's Tolland market data come from?
Realmo compiles Tolland, CT figures from 5 recent recorded sales, 28 active sale listings, 15 active lease listings, 174 tracked off-market properties, the current Tolland 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 15 active for-lease listings in Tolland, 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: 2,062 zoned acres across 11 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
