Commercial Real Estate Market in Waterford, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
38 active listings and 450 off-market properties in Waterford, CT. Commercial property asks $1,335/SF to buy and $15.68/SF/Yr to lease.
Market Trends
Waterford, CT spans 24.8 square miles in New London County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Waterford, 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 Waterford, 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 Waterford, 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 Waterford, 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 77.1%
- Industrial 12.7%
- Commercial 3.8%
- Mixed use 3.3%
- Open space 3%
Largest Zones share of zoned land by district
Rural Residential District
Low Density Residential District
Medium Density Residential District
General Industrial Park District
General Industrial District
Waterford, CT zones 21,485 acres across 26 districts. Commercial zoning covers 3.8% of zoned land, residential 77.1%, open space 3% and industrial 12.7%. The largest single district is Rural Residential District at 31%. For commercial buyers the practical constraint is that only 16.5% of land carries a commercial or industrial designation.
Rural Residential District (RU-120)
RU-120 district is intended to promote single family dwellings.
Market overview
Demographics & Economy
Waterford, CT has 15,796 residents in 7,407 households. Density runs 636 people per square mile. Median household income here is $110,375 and median gross rent $1,593 a month.
15,796
Population
7,407
Households
2.1
Avg Household Size
49
Median Age
41%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
636
Density / Sq Mi
$110,375
Median Household Income
$61,767
Median Earnings
$1,593
Median Rent
$334,900
Median Home Value
Tools
Nearby Markets
Commercial property in Waterford, CT asks $1,335/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waterford?
Commercial property in Waterford, CT asks an average of $1,335 per square foot. The 4 most recent recorded sales traded at a median of $342/SF, so asking sits 290% above the achieved median. Retail carries the highest asking price at $305/SF.
How much does it cost to lease commercial space in Waterford?
Asking lease rates in Waterford, CT average $15.68 per square foot per year.
What zoning applies to commercial property in Waterford?
Waterford, CT zones 21,485 acres across 26 districts, of which 3.8% is commercial and 12.7% industrial. The largest single district is Rural Residential District at 31% of zoned land. RU-120 district is intended to promote single family dwellings. Residential zoning covers 77.1% and open space 3%.
Where does Realmo's Waterford market data come from?
Realmo compiles Waterford, CT figures from 4 recent recorded sales, 21 active sale listings, 17 active lease listings, 450 tracked off-market properties, the current Waterford 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 17 active for-lease listings in Waterford, 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: 21,485 zoned acres across 26 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 · report a data issue
