Commercial Real Estate Market in Windham, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
66 active listings and 458 off-market properties in Windham, CT. Commercial property asks $213/SF to buy and $20.60/SF/Yr to lease.
Market Trends
Windham, CT spans 15.1 square miles in Windham County, Connecticut. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Windham, 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 Windham, CT asks $152/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 Windham, 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 Windham, CT asks $143/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 89.4%
- Commercial 6.1%
- Industrial 3.4%
- Open space 0.3%
Largest Zones share of zoned land by district
Residential
Residential
Residential
Residential
Industrial
Windham, CT zones 23,116 acres across 22 districts. Commercial zoning covers 6.1% of zoned land, residential 89.4%, open space 0.3% and industrial 3.4%. The largest single district is Residential at 66%. For commercial buyers the practical constraint is that only 9.5% of land carries a commercial or industrial designation.
Residential (R1)
SECTION 21 - RESIDENCE R-1 DISTRICT 21.0 PURPOSE AND INTENT: The purpose of this District is to maintain the existing rural area, and to promote self- sufficient low density residential and agricultural uses in order to limit the need for major capital improvements in the District. (added 06/10/96) 21.1 GENERAL: The following regulations shall apply to the u…
Market overview
Demographics & Economy
Windham, CT has 3,286 residents in 1,517 households. Density runs 218 people per square mile. Median household income here is $73,488 and median gross rent $1,717 a month.
3,286
Population
1,517
Households
2.2
Avg Household Size
49
Median Age
20%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
218
Density / Sq Mi
$73,488
Median Household Income
$50,703
Median Earnings
$1,717
Median Rent
$238,200
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.60/SF/Yr lease vs $213/SF buy → buying wins if held > 1.5 years.
At a 9.7% 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 |
|---|---|---|
| North Windham | — | $20.60 |
| North Franklin | — | — |
| Columbia | — | — |
Commercial property in Windham, CT asks $213/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Windham?
Commercial property in Windham, CT asks an average of $213 per square foot. The 4 most recent recorded sales traded at a median of $207/SF, so asking sits 3% above the achieved median. Retail carries the highest asking price at $152/SF.
How much does it cost to lease commercial space in Windham?
Asking lease rates in Windham, CT average $20.60 per square foot per year.
Is it cheaper to lease or buy commercial space in Windham?
Buying beats leasing in Windham, CT if the property is held longer than 1.5 years, comparing $20.60/SF/Yr asking rent with $213/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 Windham?
Windham, CT zones 23,116 acres across 22 districts, of which 6.1% is commercial and 3.4% industrial. The largest single district is Residential at 66% of zoned land. SECTION 21 - RESIDENCE R-1 DISTRICT 21.0 PURPOSE AND INTENT: The purpose of this District is to maintain the existing rural area, and to promote self- sufficient low density residential and agricultural uses in order to limit the need for major capital improvements in the District. (added 06/10/96) 21.1 GENERAL: The following regulations shall apply to the u… Residential zoning covers 89.4% and open space 0.3%.
Where does Realmo's Windham market data come from?
Realmo compiles Windham, CT figures from 6 recent recorded sales, 38 active sale listings, 28 active lease listings, 458 tracked off-market properties, the current Windham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 28 active for-lease listings in Windham, 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: 23,116 zoned acres across 22 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 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 30 September 2026 · How Realmo checks market page data · Report a data issue
