Portland, CT
Commercial Real Estate Market Trends & Data

$204 per SF Avg asking sale price
$20 per SF Avg asking lease rate
4,191 SF Avg unit lease size
7,494 SF Avg building size for sale
6.80% Average cap rate

Portland's Demographic Profile

Portland has 3,790 households and a median income of $116,036, 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 9,233
# Households 3,790
Median age 45
Median household income $116,036
Avg household size 2.0
Renter-occupied housing units 746
5-year population change -1%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Portland $194 6,934 SF 6.90%
Cromwell $191 7,072 SF 10.29%
Middletown $198 6,308 SF 10.29%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Cromwell $92 36,714 SF 10.91%
Middletown $199 5,602 SF 10.91%
Nearby Retail Markets Avg Cost/SF Typical Size
Portland $139 7,942 SF
Cromwell $161 8,574 SF
Middletown $182 8,439 SF
Rocky Hill $179 37,489 SF
East Hampton $284 7,658 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
East Hampton $222 16,439 SF 6.52%
Wethersfield $144 16,582 SF 9.06%

Commercial Properties For Sale in Portland

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

109 Broad St

Middletown, CT 06457

  • 3,874 SF Office Building
  • $699,000
For Sale

CUSTOM BUILT OFFICE CONDO

Middletown, CT 06457

  • 26,721 SF Office Building
  • $1,350,000
For Sale

27 Pleasant St

Middletown, CT 06457

  • 3,314 SF Office Building
  • $679,900
For Sale

666-668 Main St

Middletown, CT 06457

  • 11,232 SF Multifamily
  • $2,249,500
For Sale

75 Pease Ave

Middletown, CT 06457

  • 2,573 SF Industrial Building
  • $225,000
For Sale

Garibaldi Building

Middletown, CT 06457

  • 12,288 SF Office Building
  • $1,000,000

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

Commercial Markets Avg Cost/SF Average Size
Portland $204 7,494 SF
South Glastonbury $99 25,128 SF
Cromwell $156 18,073 SF
Middletown $231 6,252 SF
Rocky Hill $142 21,390 SF

Regional Demographic Comparison

This comparison places Portland 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 Portland or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Portland 9,233 3,790 45 $116,036 2 746 -1%
South Glastonbury 5,522 2,056 46 $163,403 3 189 -1%
Middletown 46,693 19,901 39 $77,243 2 9,526 -1%
Rocky Hill 22,111 9,324 43 $89,069 2 3,609 1%

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

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

Portland 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 Portland?

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

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

How does Portland compare to nearby commercial real estate markets?

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

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