What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Monroe commercial real estate market incorporates 27,960 square feet of office space across 1 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Monroe commercial real estate market includes 328,640 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Monroe market, there is a total of 1,048,958 square feet of industrial property.

What types of commercial real estate are available in Monroe, CT?

The largest share of commercial real estate space for lease in Monroe is represented by Industrial space , which accounts for 91,141 square feet of available listings. Retail space available in Monroe adds up to 39,288 square feet.

What factors affect the price of commercial real estate in Monroe, CT?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What are the best areas for commercial real estate in Monroe, CT?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Monroe, depending on the property type you are interested in. Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $24 per square foot.

What is the average size of a commercial property in Monroe, CT?

The average size of a commercial property in Monroe depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Monroe, the average size of an office property is 27,960 square feet. Retail properties here incorporate an average of 36,516 square feet. Industrial space in Monroe is in buildings that are, on average 209,792 square feet in size.

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20 Commercial Real Estate Listings in Monroe, CT

CRE Market Stats

448 Pepper Street

448 Pepper Street, Monroe, CT
For Lease

$10.50/SF/YR
Property

Industrial

90,000 SF
Availability

1 Space

40,000 SF
Year Built

2000
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470 Monroe Tpke

470 Monroe Tpke, Monroe, CT
For Lease

Contact for pricing
Property

Retail

59,644 SF
Availability

1 Space

10,725 SF
Year Built

2008
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7 Victoria Drive

7 Victoria Drive, Monroe, CT
For Lease

Contact for pricing
Property

Industrial

136,483 SF
Availability

1 Space

20,741 SF
Year Built

2006
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Clock Tower Square

477 Main Street, Monroe, CT
For Lease

Contact for pricing
Property

Retail

72,218 SF
Availability

2 Spaces

4,986 SF
Year Built

1989
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447 Monroe Turnpike

447 Monroe Turnpike, Monroe, CT
For Lease

$24.00/SF/YR
Property

Retail

4,013 SF
Availability

2 Spaces

4,013 SF
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205 Spring Hill Road

205 Spring Hill Road, Monroe, CT
For Lease

$12.50/SF/YR
Property

Industrial

58,335 SF
Availability

1 Space

30,400 SF
Year Built

1969
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205 Monroe Tpke

205 Monroe Tpke, Monroe, CT
For Lease

Contact for pricing
Property

Retail

10,000 SF
Availability

1 Space

10,000 SF
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501 Main St

501 Main St, Monroe, CT
For Lease

Contact for pricing
Property

Retail

10,540 SF
Availability

1 Space

10,540 SF
Year Built

1988
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528 Monroe Tpke

528 Monroe Tpke, Monroe, CT
For Lease

Contact for pricing
Property

VacantLand

85,378 SF
Availability

1 Space

85,378 SF
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Cambridge Logistics Park

64 Cambridge Dr & 4 Independence Dr, Monroe, CT
For Sale

Contact for pricing
Property

Industrial

650,000 SF
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528 Monroe Tpke

528 Monroe Tpke, Monroe, CT
For Sale

$900,000/SF
Property

VacantLand

85,378 SF
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24 Commerce Dr

24 Commerce Dr, Monroe, CT
For Sale

$550,000
Property

VacantLand

3.13 Acre
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380 Monroe Tpke

380 Monroe Tpke, Monroe, CT
For Lease

$15.00/SF/YR
Property

Retail

24,688 SF
Availability

1 Space

1,100 SF
Year Built

1988
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525 Main St

525 Main St, Monroe, CT
For Lease

$22.00/SF/YR
Property

Retail

12,327 SF
Availability

1 Space

2,910 SF
Year Built

2005
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2 Victoria Dr

2 Victoria Dr, Monroe, CT
For Lease

Contact for pricing
Property

VacantLand

10 Acre
Availability

1 Space

10 Acre
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912-928 Main Street

912-928 Main Street, Monroe, CT
For Sale

Contact for pricing
Property

VacantLand

33 Acre
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Off Market
200 Monroe Tpke

200 Monroe Tpke, Monroe, CT
Property

Office

27,960 SF
Year Built

1984
Off Market
Center Plaza

535 Monroe Tpke, Monroe, CT
Property

Retail

82,631 SF
Year Built

1994
Off Market
246 Main Street

246 Main Street, Monroe, CT
Property

Retail

52,579 SF
Year Built

1988
Off Market
35 Corporate Drive

35 Corporate Drive, Monroe, CT
Property

Industrial

114,140 SF
Year Built

1990