Norwich, CT Restaurants for Lease
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Similar Spaces for Sale in Norwich, CT
Norwich, CT Restaurants Lease Rates & Market Statistics
Browse 10 Restaurants for lease in Norwich, CT on Realmo, a commercial real estate marketplace serving the Norwich area. The current inventory totals 18,482 square feet of properties — an average of ~1,850 SF per listing.
Asking lease rates for Restaurants in Norwich start at $11 SF/Yr, average $15.49 SF/Yr, and reach $24.14 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $15.49 SF/Yr is 30% below the Connecticut state average of $21.97 SF/Yr.
Norwich accounts for 63% of the 16 restaurants currently available across New London County, where nearby markets include Colchester and Griswold. By space type, the market includes 6 conventional restaurants and 3 other restaurants — other restaurants typically offer the lowest entry point, while conventional restaurants command the highest rates.