For Sale
New Britain, CT
Commercial Real Estate Market Trends & Data
$159
Avg asking sale price
$16
Avg asking lease rate
15,342 SF
Avg unit lease size
54,208 SF
Avg building size for sale
7.08%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New Britain | $101 | 30,339 SF | 7.50% |
| Kensington | $226 | 7,259 SF | 7.00% |
| Farmington | $176 | 10,276 SF | 6.63% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New Britain | $110 | 49,811 SF | 6.29% |
| Newington | $169 | 34,906 SF | 6.29% |
| Plainville | $91 | 24,280 SF | 7.83% |
| Kensington | $216 | 1,756 SF | 8.27% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| New Britain | $228 | 16,856 SF |
| Newington | $125 | 21,187 SF |
| Plainville | $123 | 14,747 SF |
| Kensington | $275 | 16,693 SF |
| Farmington | $161 | 10,856 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New Britain | $144 | 47,891 SF | 8.17% |
| Berlin | $177 | 20,401 SF | 8.17% |
| West Hartford | $114 | 32,855 SF | 12.64% |
| Wethersfield | $121 | 12,858 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.
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 New Britain pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| New Britain | $159 | 54,208 SF |
| Newington | $127 | 52,562 SF |
| Plainville | $116 | 20,919 SF |
| Kensington | $303 | 4,642 SF |
| Farmington | $157 | 18,811 SF |
Multifamily Properties For Sale in New Britain
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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