Commercial Real Estate Market in Watertown, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
68 active listings and 455 off-market properties in Watertown, CT. Commercial property asks $300/SF to buy and $13.60/SF/Yr to lease.
Market Trends
Watertown, CT spans 29.4 square miles in Litchfield County, Connecticut. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Watertown, CT asks $124/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 vacancy in Watertown, 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 Watertown, 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 Watertown, CT asks $155/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
Market overview
Demographics & Economy
Watertown, CT has 22,123 residents in 9,309 households. Density runs 753 people per square mile. Median household income here is $97,785 and median gross rent $1,298 a month.
22,123
Population
9,309
Households
2.4
Avg Household Size
46
Median Age
37%
College-Educated
93%
High-School Grad
29.4 sq mi
ZIP Area
753
Density / Sq Mi
$97,785
Median Household Income
$56,117
Median Earnings
$1,298
Median Rent
$300,285
Median Home Value
Tools
Lease vs Buy Breakeven
At $13.60/SF/Yr lease vs $300/SF buy → buying wins if held > 14.1 years.
At a 4.5% 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 |
|---|---|---|
| Plymouth | — | — |
| Woodbury | — | $16.05 |
| Waterbury | — | $14.26 |
Commercial property in Watertown, CT asks $300/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Watertown?
Commercial property in Watertown, CT asks an average of $300 per square foot. The 5 most recent recorded sales traded at a median of $98/SF, so asking sits 205% above the achieved median. Multifamily carries the highest asking price at $155/SF.
How much does it cost to lease commercial space in Watertown?
Asking lease rates in Watertown, CT average $13.60 per square foot per year.
Is it cheaper to lease or buy commercial space in Watertown?
Buying beats leasing in Watertown, CT if the property is held longer than 14.1 years, comparing $13.60/SF/Yr asking rent with $300/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 Watertown market data come from?
Realmo compiles Watertown, CT figures from 7 recent recorded sales, 40 active sale listings, 28 active lease listings, 455 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 28 active for-lease listings in Watertown, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
