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83 Commercial Real Estate Listings in New Britain, CT

New Britain, CT Commercial Real Estate

There are currently 85 commercial listings available in New Britain, CT. These listings include 23 commercial spaces that encompass a total of 329,697 square feet. Available commercial spaces in New Britain, CT range in size from 299 square feet to 160,000 square feet. A total of 65 off-market commercial properties located in New Britain, CT are also available for research.

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New Britain, CT Commercial Inventory Breakdown

In 2021 the New Britain, CT commercial real estate market totaled 864,966 square feet of office spaces, 696,483 square feet of office spaces with retail, and 4,303,464 square feet of industrial space.

Office Spaces

Total: 864,966 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 521,342 SqFt 60.27% of total office
100k to 500k SqFt 343,624 SqFt 39.73% of total office
By class:
Class A 72,022 SqFt 8.33% of total office
Class B 686,944 SqFt 79.42% of total office
Class C 106,000 SqFt 12.25% of total office


Class A office space holds a 8.33% share of the overall New Britain, CT office market, while Class B office assets make up approximately 79.42%.

Industrial

Total: 4,303,464 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 731,155 SqFt 16.99% of total industrial
100k to 500k SqFt 2,488,279 SqFt 57.82% of total industrial
500k to 1M SqFt 1,084,030 SqFt 25.19% of total industrial
By class:
Class A 152,000 SqFt 3.53% of total industrial
Class B 2,493,384 SqFt 57.94% of total industrial
Class C 1,058,080 SqFt 24.59% of total industrial
There are 2,488,279 square feet of commercial real estate properties between 100k to 500k square feet, representing 57.82% of the New Britain, CT industrial inventory. Class A assets total 152,000 square feet of industrial space, with an additional 2,493,384 square feet of Class B and 1,058,080 square feet of Class C properties.

Office Spaces with Retail

Total: 696,483 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 240,927 SqFt 34.59% of total office with retail
100k to 500k SqFt 455,556 SqFt 65.41% of total office with retail

New Britain, CT Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total Sqft
New Britain, CT Office 8 149,332
New Britain, CT Retail 5 13,785
New Britain, CT Industrial 6 166,580
New Britain, CT Other 20 329,697
Ofice Icon

8

Office

Industrial Icon

6

Industrial

Retail Icon

5

Retail

Current local active listing encompass 659,394 square feet of commercial space for lease in New Britain. There are 8 active office listings, which amount to 149,332 square feet and account for 20% of commercial spaces on the market. Local retail availability includes 13,785 square feet across 5 listings. Current industrial offerings on the market amount to 166,580 square feet across a total of 6.

Employment in New Britain, CT

Employed Population 35,406

Employed population - Industry % Distribution

Management, business, science, and arts occupations

25%

Production, transportation, and material moving occupations

24%

Sales and office occupations

22%

Service occupations

21%

Natural resources, construction, and maintenance occupations

7%

In 2019, roughly 25% of a total of 35,406 employed in New Britain worked in Management, business, science, and arts occupations, followed by 24% in Production, transportation, and material moving occupations and 22% in Sales and office occupations.

Income per capita $26,313  Median household income $50,031

Household income

50%

Under $50k

32%

$50k - $100k

15%

$100k - $200k

3%

Over $200k

The median household income in New Britain stands at $50,031, with per capita income at $26,313. Households earning between $50k and $100k represent 32% of the total, while those earning over $200k make up 3%. Approximately 50% of New Britain households earn less than $50k per year.

Commuting in New Britain, CT

Mean travel time to work 23 minutes

Means of transportation to work

83.90%

Driving alone

5.60%

Carpool

1.70%

Public transit

0.00%

Bicycle

4.70%

Walking

2.10%

Other

1.90%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in New Britain in 2019 was 23 minutes. Around 83.90% of workers commute by Driving alone, 5.60% Carpool and 4.70% by Walking.

Education in New Britain, CT

High school grad or higher 80%

Bachelor's degree or higher 18%

Population by minimum level of education

20%

No degree

36%

High school

26%

Some College

12%

Bachelor's

6%

Post-grad

*Universe: Workers 25 and over

An estimated 80% of New Britain residents aged 25 or over hold a high school degree or higher. Of those, 36% are high school graduates, 26% attended some college, 12% earned a bachelor's degree, with an additional 6% holding post-graduate degrees.

New Britain, CT Demographics

As of 2019, New Britain had a total population of 72,491, with a median age of 33.90 years. Roughly 67.70% of the total population was between the ages of 16 and 64 years old.