For Sale
New London, CT
Commercial Real Estate Market Trends & Data
$213 per SF
Avg asking sale price
$19 per SF
Avg asking lease rate
4,843 SF
Avg unit lease size
14,720 SF
Avg building size for sale
7.61%
Average cap rate
New London's Demographic Profile
New London has 10,473 households and a median income of $53,294, 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 | 27,359 |
| # Households | 10,473 |
| Median age | 34 |
| Median household income | $53,294 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 6,792 |
| 5-year population change | -1% |
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| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New London | $139 | 19,973 SF | 13.00% |
| Groton | $200 | 19,168 SF | 13.00% |
| Waterford | $184 | 18,315 SF | 13.00% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New London | $251 | 19,847 SF | 10.00% |
| Groton | $209 | 17,026 SF | 10.00% |
| Waterford | $123 | 25,743 SF | 10.00% |
| Quaker Hill | $42 | 35,385 SF | 10.00% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| New London | $179 | 27,731 SF |
| Groton | $273 | 23,366 SF |
| Waterford | $247 | 23,201 SF |
| Niantic | $465 | 3,243 SF |
| Mystic | $386 | 23,420 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New London | $170 | 22,662 SF | 7.19% |
| Groton | $207 | 23,103 SF | 7.19% |
| Waterford | $357 | 18,416 SF | 7.19% |
| Niantic | $964 | 5,599 SF | 6.40% |
Commercial Properties For Sale in New London
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
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 New London pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| New London | $213 | 14,720 SF |
| Groton | $283 | 13,066 SF |
| Waterford | $228 | 14,883 SF |
| Quaker Hill | $315 | 19,393 SF |
| Niantic | $542 | 4,028 SF |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in New London, 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 London
View All Commercial Real Estate For Sale in New London
Is New London a good market for a first-time commercial real estate investor?
New London 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 London?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in New London. 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 London?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for New London. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does New London compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to New London. 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 London acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in New London, 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.
Nearby Market Trends
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