Hartford, CT
Commercial Real Estate Market Trends & Data

$158 Avg asking sale price
$577 Avg asking lease rate
28,702 SF Avg unit lease size
43,677 SF Avg building size for sale
8.61% Average cap rate

Hartford's Demographic Profile

Hartford has 47,555 households and a median income of $39,179, 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 120,305
# Households 47,555
Median age 34
Median household income $39,179
Avg household size 2.0
Renter-occupied housing units 37,422
5-year population change 0%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Hartford $156 37,346 SF 12.21%
East Hartford $123 11,902 SF 10.00%
West Hartford $161 45,749 SF 12.21%
Wethersfield $160 5,161 SF 8.03%
Nearby Retail Markets Avg Cost/SF Typical Size
Hartford $281 18,712 SF
East Hartford $248 10,668 SF
West Hartford $316 23,433 SF
Wethersfield $187 15,682 SF
Newington $125 21,187 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Hartford $110 34,072 SF 12.64%
East Hartford $187 99,807 SF 7.10%
West Hartford $105 34,214 SF 12.64%
Wethersfield $108 18,074 SF 9.06%
Windsor $116 46,372 SF 11.86%

Commercial Properties For Sale in Hartford

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

Lincoln Plaza

Hartford, CT 06114

  • 16,083 SF Retail Building
  • 6.90% Cap Rate
  • $2,599,000
For Sale

Queen Anne Victorian

Hartford, CT 06114

  • 6,999 SF Office Building
  • $670,000
For Sale

Grand Prix Apartments

East Hartford, CT 06108

  • 27,903 SF Multifamily
  • 7.09% Cap Rate
  • $6,000,000
For Sale

Woodside Apartments

East Hartford, CT 06108

  • 35,550 SF Multifamily
  • 7.10% Cap Rate
  • $5,500,000
For Sale

18 Sherman St

Hartford, CT 06105

  • 15,120 SF Multifamily
  • $1,990,000
For Sale

Unity Plaza

Hartford, CT

  • Retail Building
  • 9.00% Cap Rate
  • $4,264,211

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

Commercial Markets Avg Cost/SF Average Size
Hartford $223 43,677 SF
East Hartford $133 31,590 SF
West Hartford $163 50,807 SF
Wethersfield $169 13,554 SF
Newington $132 15,556 SF

Regional Demographic Comparison

This comparison places Hartford 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 Hartford or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
East Hartford 50,919 20,039 40 $60,547 3 8,736 -1%
West Hartford 63,062 25,112 41 $116,192 2 7,879 -1%
Wethersfield 26,152 10,922 45 $105,916 2 2,646 -2%
Newington 29,272 12,169 45 $94,404 2 2,747 -2%

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

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

Hartford 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 Hartford?

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

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

How does Hartford compare to nearby commercial real estate markets?

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

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