Torrington, CT
Commercial Real Estate Market Trends & Data

$173 Avg asking sale price
$11 Avg asking lease rate
23,691 SF Avg unit lease size
22,194 SF Avg building size for sale
6.39% Average cap rate

Torrington's Demographic Profile

Torrington has 15,442 households and a median income of $64,278, 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 35,342
# Households 15,442
Median age 45
Median household income $64,278
Avg household size 2.0
Renter-occupied housing units 5,742
5-year population change 0%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Torrington $295 5,298 SF
New Hartford $193 18,990 SF
Burlington $127 20,418 SF
Bantam $231 3,024 SF
Canton $1,739 18,440 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Torrington $187 8,288 SF 6.57%
Bristol $115 6,940 SF 9.40%
Forestville $162 6,940 SF 9.40%

Commercial Properties For Sale in Torrington

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

126 Franklin St

Torrington, CT 06790

  • 6,500 SF Office Building
  • $795,000
For Sale

00 Prospect st

Torrington, CT 06790

  • 0.30 AC Lot
  • 1 Commercial Lot
  • $279,000
For Sale

95 New Litchfield St

Torrington, CT 06790

  • 5,936 SF Office Building
  • $799,000
For Sale

427 Goshen Rd

Torrington, CT 06790

  • 28,147 SF Flex Building
  • 6.85% Cap Rate
  • $2,300,000
For Sale

Torrington PRIME Development Opportunity

Torrington, CT 06790

  • 6,104 SF Office Building
  • $1,900,000
For Sale

Bank of America

Torrington, CT 06790

  • 2,203 SF Retail Building
  • 5.75% Cap Rate
  • $1,064,348

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Torrington pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Torrington $173 22,194 SF
Winchester $219 10,065 SF
New Hartford $147 45,646 SF
Winchester Center $223 12,000 SF

Regional Demographic Comparison

This comparison places Torrington 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 Torrington or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Goshen 3,637 1,491 53 $136,506 2 143 3%
Winchester 10,815 4,894 48 $71,486 2 1,831 1%
New Hartford 6,399 2,570 49 $108,223 3 351 -1%

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

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

Torrington 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 Torrington?

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

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

How does Torrington compare to nearby commercial real estate markets?

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

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