Commercial Real Estate Market in Middlebury, VT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 365 off-market properties in Middlebury, VT.
Market Trends
Middlebury, VT spans 83.8 square miles in Addison County, Vermont. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Middlebury, VT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Middlebury, VT 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 Middlebury, VT 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 vacancy in Middlebury, VT runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59%
- Open space 30.8%
- Industrial 2.8%
- Planned_development 1.8%
- Commercial 1.7%
- Civic 1.7%
- Mixed use 1.2%
- Special 1%
Largest Zones share of zoned land by district
Agricultural Rural Residential
Forest Conservation
Residential 2
Residential 20
Institutional
Middlebury, VT zones 25,298 acres across 15 districts. Commercial zoning covers 1.7% of zoned land, residential 59%, open space 30.8% and industrial 2.8%. The largest single district is Agricultural Rural Residential at 53.1%. For commercial buyers the practical constraint is that only 4.5% of land carries a commercial or industrial designation.
Forest Conservation (FOR)
A. The Agricultural/Rural (AR) and Forest/Conservation (FOR) zoning districts are intended to set apart rural areas of town where we seek to limit residential development to conserve the open space, views and working lands that comprise our rural character. These districts also contain valuable wildlife habitat areas, forests, conserved lands and other natur…
Market overview
Demographics & Economy
Middlebury, VT has 11,113 residents in 4,266 households. Density runs 133 people per square mile. Median household income here is $87,340 and median gross rent $1,199 a month.
11,113
Population
4,266
Households
2.6
Avg Household Size
36
Median Age
56%
College-Educated
96%
High-School Grad
83.8 sq mi
ZIP Area
133
Density / Sq Mi
$87,340
Median Household Income
$20,087
Median Earnings
$1,199
Median Rent
$383,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Weybridge | — | — |
| Cornwall | — | — |
| Salisbury | — | — |
| New Haven Junction | — | — |
Commercial property in Middlebury, VT asks $17/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Middlebury?
Commercial property in Middlebury, VT asks an average of $17 per square foot. The 5 most recent recorded sales traded at a median of $158/SF.
What zoning applies to commercial property in Middlebury?
Middlebury, VT zones 25,298 acres across 15 districts, of which 1.7% is commercial and 2.8% industrial. The largest single district is Agricultural Rural Residential at 53.1% of zoned land. Residential zoning covers 59% and open space 30.8%.
Where does Realmo's Middlebury market data come from?
Realmo compiles Middlebury, VT figures from 8 recent recorded sales, 21 active sale listings, 2 active lease listings, 365 tracked off-market properties, the current Middlebury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 2 active for-lease listings in Middlebury, VT. 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: 25,298 zoned acres across 15 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
