Commercial Real Estate Market in Waterbury, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
496 active listings and 2,706 off-market properties in Waterbury, CT. Commercial property asks $113/SF to buy and $14.06/SF/Yr to lease.
Market Trends
Waterbury, CT spans 63.1 square miles in New Haven County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Waterbury, 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 Waterbury, 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 Waterbury, 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 Waterbury, 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
- Residential 75.3%
- Commercial 13.3%
- Industrial 11%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Low Density Residential District
Large Lot Single Family District
Single Family Residential District
Moderate Density Residential District
Arterial Commercial District
Waterbury, CT zones 18,578 acres across 14 districts. Commercial zoning covers 13.3% of zoned land, residential 75.3% and industrial 11%. The largest single district is Low Density Residential District at 28.7%. For commercial buyers the practical constraint is that only 24.3% of land carries a commercial or industrial designation.
Low Density Residential District (RL)
The intent of this zone is to promote low density residential district uses
Market overview
Demographics & Economy
Waterbury, CT has 139,819 residents in 60,485 households. Density runs 2,216 people per square mile. Median household income here is $64,279 and median gross rent $1,292 a month.
139,819
Population
60,485
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
63.1 sq mi
ZIP Area
2,216
Density / Sq Mi
$64,279
Median Household Income
$40,996
Median Earnings
$1,292
Median Rent
$211,041
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.06/SF/Yr lease vs $113/SF buy → buying wins if held > 1 years.
At a 12.4% 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 |
|---|---|---|
| Union City | — | $15.16 |
| Marion | — | — |
| Cheshire | — | $17.43 |
| Watertown | — | $13.95 |
Commercial property in Waterbury, CT asks $113/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waterbury?
Commercial property in Waterbury, CT asks an average of $113 per square foot. The 4 most recent recorded sales traded at a median of $104/SF, so asking sits 9% above the achieved median. Multifamily carries the highest asking price at $189/SF.
How much does it cost to lease commercial space in Waterbury?
Asking lease rates in Waterbury, CT average $14.06 per square foot per year.
Is it cheaper to lease or buy commercial space in Waterbury?
Buying beats leasing in Waterbury, CT if the property is held longer than 1.0 years, comparing $14.06/SF/Yr asking rent with $113/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.
What zoning applies to commercial property in Waterbury?
Waterbury, CT zones 18,578 acres across 14 districts, of which 13.3% is commercial and 11% industrial. The largest single district is Low Density Residential District at 28.7% of zoned land. The intent of this zone is to promote low density residential district uses Residential zoning covers 75.3% and open space 0%.
Where does Realmo's Waterbury market data come from?
Realmo compiles Waterbury, CT figures from 7 recent recorded sales, 297 active sale listings, 199 active lease listings, 2,706 tracked off-market properties, the current Waterbury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 297 active for-sale and 199 active for-lease listings in Waterbury, 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: 18,578 zoned acres across 14 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
