New Britain, CT Market Trends

Looking for more information on sold properties? Get the critical details you need on recent commercial property transactions days after the close of sale.

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Multifamily Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$65,882.96 +0.9% +9.0%
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Metro
$51,438.56 -3.5% +3.4%
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County
$49,492.03 -2.8% +5.1%

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Office Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$108.22 +2.5% +1.8%
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Metro
$95.40 +3.8% +11.6%
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County
$96.56 +3.3% +9.7%

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Industrial Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$54.88 +0.7% -0.4%
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Metro
$45.03 +2.8% +9.4%
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County
$44.66 +2.0% +10.4%
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City
$41.97 0.0% 0.0%

Current New Britain market trends data indicates of no change in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with no change compared to last year's prices. County-wide, asking prices for Industrial properties are 2.0% higher at $45 per sq ft compared to the current median price of $42 per sq ft for Industrial properties in New Britain, CT.

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Retail Property Asking Price Index - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$123.05 +5.3% -1.3%
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Metro
$121.85 +12.2% +3.1%
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County
$162.24 +44.8% +15.4%

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Multifamily Property Total $ Available For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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Metro
57 -7.7% +140.1%

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Office Property Total $ Available For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
43 +1.1% +5.8%

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Industrial Property Total $ Available For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
46 -0.7% -12.1%

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Retail Property Total $ Available For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
46 -6.6% -3.4%

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Multifamily Property No. of Listings - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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Metro
33 -11.7% +8.4%

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Office Property No. of Listings - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
67 +6.7% +6.5%

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Industrial Property No. of Listings - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
57 +0.9% -6.2%

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Retail Property No. of Listings - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
50 +6.7% +2.1%

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Multifamily Property Profile Views (Demand) - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
133 +0.2% +28.7%

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Office Property Profile Views (Demand) - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
175 +10.5% +17.9%

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Industrial Property Profile Views (Demand) - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
159 +5.2% +25.5%

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Retail Property Profile Views (Demand) - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
178 +21.7% +45.2%

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Office Property Total SF Available - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
49 -6.6% +7.4%

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Industrial Property Total SF Available - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
49 -1.3% -27.1%

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Retail Property Total SF Available - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
43 +1.7% -3.4%

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Multifamily Property No. of Units For Sale - Sale Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
60 +3.3% +67.0%

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Office Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$18.77 +0.6% +1.2%
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Metro
$17.32 +1.4% +2.8%
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County
$17.68 +1.6% +2.5%

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Industrial Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
State
$6.44 +1.4% +1.9%
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Metro
$5.82 +1.6% +1.5%
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County
$5.69 +1.9% +1.5%

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Retail Property Asking Rent - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
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State
$16.30 -0.5% -0.3%
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Metro
$14.76 +0.4% +2.0%
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County
$15.27 +0.1% +2.0%
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City
$11.64 0.0% 0.0%

The average asking rental rate per sq ft/year for Retail Commercial properties in New Britain, CT as of Jun 16 was $11.64. Rental rates remained unchanged compared to the prior 3 months, with no change year-over-year. County-wide, average rental rates in New Britain are +0.1% higher at $15.27 per sq ft/year for Retail Commercial properties currently for lease.

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Office Property No. of Spaces - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
72 +1.1% +3.0%

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Industrial Property No. of Spaces - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
59 +0.7% +1.7%

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Retail Property No. of Spaces - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
79 0.0% +13.2%

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Office Property Profile Views (Demand) - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
141 -56.6% -52.1%

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Industrial Property Profile Views (Demand) - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
122 -52.4% -40.3%

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Retail Property Profile Views (Demand) - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
129 -54.4% -40.3%

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Office Property Total SF Available - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
47 +7.6% +0.0%

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Industrial Property Total SF Available - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
63 -2.5% -9.0%

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Retail Property Total SF Available - Lease Trends

  Jun 16 vs. 3 mo. prior Y-O-Y
-
Metro
83 +5.6% +37.4%