Farmington, CT
Commercial Real Estate Market Trends & Data

$179 Avg asking sale price
$6,854 Avg asking lease rate
16,774 SF Avg unit lease size
22,897 SF Avg building size for sale
6.14% Average cap rate

Farmington's Demographic Profile

Farmington has 11,352 households and a median income of $113,868, 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 27,525
# Households 11,352
Median age 45
Median household income $113,868
Avg household size 2.0
Renter-occupied housing units 3,189
5-year population change 0%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Avon $207 19,046 SF 7.00%
New Britain $101 28,389 SF 7.50%
West Hartford $161 45,749 SF 12.21%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Plainville $95 29,781 SF 7.83%
New Britain $110 19,809 SF 6.29%
Nearby Retail Markets Avg Cost/SF Typical Size
Farmington $356 11,763 SF
Plainville $246 13,888 SF
Avon $1,938 23,078 SF
New Britain $259 14,830 SF
West Hartford $316 23,433 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
New Britain $123 13,961 SF 8.17%
West Hartford $105 34,214 SF 12.64%
Forestville $115 6,940 SF 9.40%
Bristol $115 6,940 SF 9.40%

Commercial Properties For Sale in Farmington

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

135 South Rd

Farmington, CT 06032

  • 42,178 SF Office Building
  • $6,900,000
For Sale

10 Spielman Hwy

Burlington, CT 06013

  • 2,520 SF Industrial Building
  • $740,000
For Sale

25 Collins Rd

Bristol, CT 06010

  • 14,036 SF Office Building
  • $3,250,000
For Sale

29 Colton St

Farmington, CT 06032

  • 30,000 SF Specialty
  • $4,500,000
For Sale

276 Main St

Farmington, CT 06032

  • 4,264 SF Office Building
  • $699,000
For Sale

Aspen Dental Net Leased Offering

Bristol, CT 06010

  • 3,025 SF Retail Building
  • 6.14% Cap Rate
  • $1,631,029

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 Farmington pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Farmington $179 22,897 SF
Plainville $161 23,668 SF
Avon $550 17,489 SF
New Britain $155 16,887 SF
West Hartford $163 50,322 SF

Regional Demographic Comparison

This comparison places Farmington 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 Farmington or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
New Britain 71,775 27,926 36 $52,087 2 17,104 -1%
West Hartford 63,062 25,112 41 $116,192 2 7,879 -1%

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

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

Farmington 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 Farmington?

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

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

How does Farmington compare to nearby commercial real estate markets?

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

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