Berlin, CT
Commercial Real Estate Market Trends & Data

$209 Avg asking sale price
$13 Avg asking lease rate
12,504 SF Avg unit lease size
9,304 SF Avg building size for sale
7.96% Average cap rate

Berlin's Demographic Profile

Berlin has 8,090 households and a median income of $106,618, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 19,823
# Households 8,090
Median age 48
Median household income $106,618
Avg household size 2.0
Renter-occupied housing units 1,474
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Berlin, CT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Berlin $226 7,259 SF 7.00%
Kensington $226 7,259 SF 7.00%
New Britain $101 30,339 SF 7.50%
Southington $185 20,557 SF 8.75%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Berlin $210 2,378 SF 10.91%
Kensington $216 1,756 SF 8.27%
East Berlin $148 7,760 SF 8.27%
Meriden $113 18,381 SF 9.31%
New Britain $110 49,811 SF 6.29%
Nearby Retail Markets Avg Cost/SF Typical Size
Berlin $200 41,572 SF
Kensington $275 16,693 SF
Meriden $151 36,625 SF
New Britain $228 16,856 SF
Southington $363 13,054 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Berlin $127 20,401 SF 8.17%
Meriden $206 33,016 SF 8.40%
New Britain $144 47,891 SF 8.17%

Commercial Properties For Sale in Berlin

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Berlin Commerce Park

Berlin, CT 06037

  • 80,000 SF Industrial Building
  • $299,700
For Sale

Permitted Land-Recreational Sports Facility

Middletown, CT 06457

  • 5.70 AC Lot
  • 1 Commercial Lot
  • $1,700,000
For Sale

7 Progress Dr

Cromwell, CT 06416

  • 7,760 SF Industrial Building
  • 8.27% Cap Rate
  • $1,150,000
For Sale

Ashley Homestore & Taco John’s

Newington, CT 06111

  • 44,034 SF Retail Building
  • 7.75% Cap Rate
  • $7,677,419
For Sale

86 Woodlawn Rd

Berlin, CT 06037

  • 7,456 SF Specialty
  • $699,000
For Sale

445-451 Columbus Blvd

New Britain, CT 06051

  • 5,933 SF Multifamily
  • $999,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Berlin pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Berlin $209 9,304 SF
Kensington $303 4,642 SF
East Berlin $148 7,760 SF
Meriden $213 25,940 SF
New Britain $159 54,208 SF

Multifamily Properties For Sale in Berlin

For Sale

57 Whiting St

New Britain, CT 06051

  • 34,868 SF Multifamily
  • 8.17% Cap Rate
  • $3,000,000

Regional Demographic Comparison

This comparison places Berlin alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Berlin or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Berlin 19,823 8,090 48 $106,618 2 1,474 -1%
Kensington 8,172 3,392 47 $104,705 2 596 -1%
East Berlin 1,146 503 48 $93,323 2 98 -2%
Meriden 60,219 23,985 40 $62,625 2 10,426 -1%
New Britain 71,775 27,926 36 $52,087 2 17,104 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Berlin, CT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Berlin

View All Commercial Real Estate For Sale in Berlin
Is Berlin a good market for a first-time commercial real estate investor?

Berlin offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Berlin?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Berlin. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Berlin?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Berlin. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Berlin compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Berlin. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Berlin acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Berlin, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends