Coventry, CT
Commercial Real Estate Market Trends & Data

$195 Avg asking sale price
$15 Avg asking lease rate
10,203 SF Avg unit lease size
23,693 SF Avg building size for sale
7.13% Average cap rate

Coventry's Demographic Profile

Coventry has 4,822 households and a median income of $91,186, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 12,121
# Households 4,822
Median age 46
Median household income $91,186
Avg household size 3.0
Renter-occupied housing units 648
5-year population change 0%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Coventry $101 17,938 SF 7.58%
Storrs $82 18,802 SF 7.58%
Storrs Mansfield $43 35,000 SF 6.67%
Mansfield $161 3,968 SF 7.58%
Columbia $127 7,519 SF 7.60%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Coventry $127 19,136 SF 6.67%
Storrs $53 26,600 SF 6.67%
Storrs Mansfield $43 35,000 SF 6.67%
Nearby Retail Markets Avg Cost/SF Typical Size
Coventry $261 12,123 SF
Andover $195 3,883 SF
Storrs $321 13,245 SF
Storrs Mansfield $1,015 2,585 SF
Mansfield $385 8,015 SF

Commercial Properties For Sale in Coventry

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

11 Bunker Hill Rd

Andover, CT 06232

  • 4,565 SF Industrial Building
  • $949,900
For Sale

Mixed-Use Investment Property

Columbia, CT 06237

  • 3,968 SF Office Building
  • 7.58% Cap Rate
  • $639,900
For Sale

Development OR value add opportunity

Andover, CT 06232

  • 3,200 SF Retail Building
  • $580,000
For Sale

14,846 SF Former School in CM-1 Zone

Columbia, CT 06237

  • 14,846 SF Office Building
  • $1,475,000
For Sale

Vinton Village Portfolio Sale

Coventry, CT

  • $1,400,000
For Sale

1384 Main Street

Coventry, CT 06238

  • 2,585 SF Retail Building
  • $2,625,000

Average Price For Sale

↻ Updated Monthly

Average Price 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 Coventry pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Coventry $195 23,693 SF
Andover $195 3,883 SF
Storrs $329 21,885 SF
Storrs Mansfield $529 18,793 SF
Mansfield $328 8,444 SF

Multifamily Properties For Sale in Coventry

For Sale

819-833 Main St

Willimantic, CT 06226

  • 125,000 SF Multifamily
  • $3,000,000

Regional Demographic Comparison

This comparison places Coventry 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 Coventry or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Andover 2,996 1,203 49 $99,326 3 146 -2%
Storrs 22,607 4,211 25 $32,038 2 2,181 1%
Storrs Mansfield 17,592 2,265 24 $21,259 2 1,536 1%
Mansfield 10,585 4,218 38 $56,614 2 1,340 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Coventry, 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 Coventry

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

Coventry 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 Coventry?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Coventry. 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 Coventry?

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

How does Coventry compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Coventry. 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 Coventry acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Coventry, 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.

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