Commercial Real Estate Market in Wallingford, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
102 active listings and 1,155 off-market properties in Wallingford, CT. Commercial property asks $119/SF to buy and $16.25/SF/Yr to lease.
Market Trends
Wallingford, CT spans 39.8 square miles in New Haven County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wallingford, CT asks $126/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 Wallingford, CT asks $155/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 Wallingford, 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 Wallingford, CT asks $189/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
- Agricultural 52.5%
- Residential 27.6%
- Industrial 11.8%
- Commercial 1.6%
Largest Zones share of zoned land by district
Rural District
Residence District
Rural District
Rural District
Industrial District
Market overview
Demographics & Economy
Wallingford, CT has 44,606 residents in 19,603 households. Density runs 1,121 people per square mile. Median household income here is $101,757 and median gross rent $1,346 a month.
44,606
Population
19,603
Households
2.3
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
39.8 sq mi
ZIP Area
1,121
Density / Sq Mi
$101,757
Median Household Income
$57,977
Median Earnings
$1,346
Median Rent
$328,400
Median Home Value
Tools
Lease vs Buy Breakeven
At $16.25/SF/Yr lease vs $119/SF buy → buying wins if held > 0.8 years.
At a 13.7% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Northford | — | — |
| North Haven | — | $14.74 |
| Meriden | — | $15.73 |
| Middlefield | — | — |
Commercial property in Wallingford, CT asks $119/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wallingford?
Commercial property in Wallingford, CT asks an average of $119 per square foot. The 5 most recent recorded sales traded at a median of $124/SF. Multifamily carries the highest asking price at $189/SF.
How much does it cost to lease commercial space in Wallingford?
Asking lease rates in Wallingford, CT average $16.25 per square foot per year.
Is it cheaper to lease or buy commercial space in Wallingford?
Buying beats leasing in Wallingford, CT if the property is held longer than 0.8 years, comparing $16.25/SF/Yr asking rent with $119/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Wallingford market data come from?
Realmo compiles Wallingford, CT figures from 7 recent recorded sales, 48 active sale listings, 54 active lease listings, 1,155 tracked off-market properties, the current Wallingford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 48 active for-sale and 54 active for-lease listings in Wallingford, 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: 25,843 zoned acres across 30 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
