Manchester, CT
Commercial Real Estate Market Trends & Data

$136 Avg asking sale price
$19 Avg asking lease rate
13,514 SF Avg unit lease size
26,684 SF Avg building size for sale
7.73% Average cap rate

Manchester's Demographic Profile

Manchester has 25,273 households and a median income of $80,719, 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 60,345
# Households 25,273
Median age 39
Median household income $80,719
Avg household size 2.0
Renter-occupied housing units 11,999
5-year population change 0%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Manchester $148 16,796 SF 7.22%
East Hartford $123 11,902 SF 10.00%
Glastonbury $188 8,015 SF 8.03%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Manchester $132 30,861 SF 7.59%
Vernon $171 20,822 SF 7.59%
Nearby Retail Markets Avg Cost/SF Typical Size
Manchester $127 28,702 SF
South Windsor $177 32,246 SF
East Hartford $248 10,668 SF
Vernon $305 16,769 SF
Glastonbury $250 5,088 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Manchester $303 27,903 SF 7.09%
East Hartford $187 99,807 SF 7.10%
Hartford $110 34,072 SF 12.64%
Wethersfield $108 18,074 SF 9.06%

Commercial Properties For Sale in Manchester

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

Ashley Homestore & Urban Air Adventure Park

Manchester, CT 06042

  • 93,251 SF Retail Building
  • 9.00% Cap Rate
  • $10,700,000
For Sale

Grand Prix Apartments

East Hartford, CT 06108

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

35 Oakland St

Manchester, CT 06042

  • 27,548 SF Industrial Building
  • $1,450,000
For Sale

48 Stock Pl

Manchester, CT 06042

  • 7,440 SF Industrial Building
  • $550,000
For Sale

1645 Ellington Rd

South Windsor, CT 06074

  • 31,170 SF Office Building
  • $3,800,000
For Sale

270 West St

Bolton, CT 06043

  • 1,546 SF Retail Building
  • $99,000

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

Commercial Markets Avg Cost/SF Average Size
Manchester $136 26,684 SF
Bolton $64 1,546 SF
South Windsor $165 37,274 SF
East Hartford $133 31,590 SF
Vernon Rockville $197 2,750 SF

Regional Demographic Comparison

This comparison places Manchester 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 Manchester or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Bolton 4,696 1,876 47 $107,143 3 250 -1%
East Hartford 50,919 20,039 40 $60,547 3 8,736 -1%

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

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

Manchester 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 Manchester?

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

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

How does Manchester compare to nearby commercial real estate markets?

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

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