For Sale
Farmington, CT
Commercial Real Estate Market Trends & Data
$164 per SF
Avg asking sale price
$17 per SF
Avg asking lease rate
15,495 SF
Avg unit lease size
22,016 SF
Avg building size for sale
7.39%
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% |
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| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Farmington | $177 | 11,135 SF | 6.63% |
| Plainville | $158 | 13,899 SF | 6.26% |
| Avon | $203 | 19,306 SF | 7.00% |
| New Britain | $101 | 28,454 SF | 7.50% |
| West Hartford | $136 | 41,372 SF | 10.00% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Plainville | $115 | 31,348 SF | 7.83% |
| New Britain | $110 | 49,811 SF | 6.29% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Farmington | $277 | 10,570 SF |
| Plainville | $124 | 12,714 SF |
| Avon | $225 | 37,358 SF |
| New Britain | $228 | 16,856 SF |
| West Hartford | $310 | 18,996 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Farmington | $67 | 35,453 SF | 8.00% |
| New Britain | $141 | 45,863 SF | 8.00% |
| West Hartford | $114 | 32,855 SF | 12.64% |
| Newington | $141 | 97,532 SF | 7.09% |
| Forestville | $159 | 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
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $164 | 22,016 SF |
| Plainville | $131 | 21,737 SF |
| Avon | $162 | 23,596 SF |
| New Britain | $157 | 52,693 SF |
| West Hartford | $160 | 48,075 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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