New Britain, CT
Commercial Real Estate Market Trends & Data

$155 Avg asking sale price
$5,469 Avg asking lease rate
16,960 SF Avg unit lease size
16,887 SF Avg building size for sale
7.09% Average cap rate

New Britain's Demographic Profile

New Britain has 27,926 households and a median income of $52,087, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 71,775
# Households 27,926
Median age 36
Median household income $52,087
Avg household size 2.0
Renter-occupied housing units 17,104
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near New Britain, CT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
New Britain $101 28,389 SF 7.50%
Kensington $203 5,639 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
New Britain $110 19,809 SF 6.29%
Newington $171 13,924 SF 6.29%
Plainville $95 29,781 SF 7.83%
Kensington $216 1,756 SF 8.27%
Nearby Retail Markets Avg Cost/SF Typical Size
New Britain $259 14,830 SF
Newington $125 21,187 SF
Plainville $246 13,888 SF
Kensington $275 16,693 SF
Farmington $356 11,763 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
New Britain $123 13,961 SF 8.17%
Berlin $127 20,401 SF 8.17%
West Hartford $105 34,214 SF 12.64%
Wethersfield $108 18,074 SF 9.06%

Commercial Properties For Sale in New Britain

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

445-451 Columbus Blvd

New Britain, CT 06051

  • 5,933 SF Multifamily
  • $999,000
For Sale

146 Grove Street

New Britain, CT 06053

  • 7,910 SF Multifamily
  • $630,000
For Sale

980 Stanley St

New Britain, CT 06051

  • 7,490 SF Industrial Building
  • 6.29% Cap Rate
  • $1,250,000
For Sale

135 South Rd

Farmington, CT 06032

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

57 Whiting St

New Britain, CT 06051

  • 34,868 SF Multifamily
  • 8.17% Cap Rate
  • $3,000,000
For Sale

BrightPath (Corporate)

Berlin, CT 06037

  • 11,000 SF Retail Building
  • 6.50% Cap Rate
  • $4,724,839

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

Commercial Markets Avg Cost/SF Average Size
New Britain $155 16,887 SF
Newington $132 15,556 SF
Plainville $161 23,668 SF
Kensington $216 2,560 SF
Farmington $179 22,897 SF

Multifamily Properties For Sale in New Britain

For Sale

57 Whiting St

New Britain, CT 06051

  • 34,868 SF Multifamily
  • 8.17% Cap Rate
  • $3,000,000

Regional Demographic Comparison

This comparison places New Britain 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 New Britain 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%
Newington 29,272 12,169 45 $94,404 2 2,747 -2%
Kensington 8,172 3,392 47 $104,705 2 596 -1%

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

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

New Britain 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 New Britain?

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

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

How does New Britain compare to nearby commercial real estate markets?

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

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