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 Newtown commercial real estate market incorporates 221,803 square feet of office space across 10 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 Newtown commercial real estate market includes 172,155 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 Newtown market, there is a total of 1,279,673 square feet of industrial property.

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

The largest share of commercial real estate space for lease in Newtown is represented by Industrial space , which accounts for 52,529 square feet of available listings. Office space available in Newtown adds up to 24,530 square feet.

What factors affect the price of commercial real estate in Newtown, 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 is the average rent for commercial space in Newtown, CT?

The average rent for commercial real estate space listed for lease in Newtown is $10.99 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Newtown can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Newtown, 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 Newtown, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Newtown is in the South Newtown neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the South Newtown area . Meanwhile, retail space opportunities are most abundant in the Botsford submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in South Newtown . 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 $13.92 per square foot.

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

The average size of a commercial property in Newtown 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 Newtown, the average size of an office property is 22,180 square feet. Retail properties here incorporate an average of 43,039 square feet. Industrial space in Newtown is in buildings that are, on average 116,334 square feet in size.

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27 Commercial Real Estate Listings in Newtown, CT

CRE Market Stats

3 Simm Lane

3 Simm Lane, South Newtown, Newtown, CT
For Lease

$2,700.00/MO
Property

Industrial

76,400 SF
Availability

1 Space

4,035 SF
Year Built

1959
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2 Button Shop Road

2 Button Shop Road, Botsford, Newtown, CT
For Sale

$34,848,000
Property

VacantLand
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22 Commerce Rd

22 Commerce Rd, South Newtown, Newtown, CT
For Sale

$2,150,000
Property

Office

15,930 SF
Year Built

1977
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16-18 High Bridge Road

16-18 High Bridge Road, Botsford, Newtown, CT
For Sale

$1,275,000
Property

VacantLand

11.8 Acre
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103 South Main Street #M6/M7

103 South Main Street, South Newtown, Newtown, CT
For Sale

$325,000
Property

Retail

2,016 SF
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32 Church Hill Road

32 Church Hill Road, Newtown, CT
For Lease

$12.00 - $21.00/SF/YR
Property

Office

12,318 SF
Availability

4 Spaces

8,600 SF
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22 Commerce Road

22 Commerce Rd, South Newtown, Newtown, CT
For Lease

$11.95/SF/YR
Property

Office

15,930 SF
Availability

1 Space

15,930 SF
Year Built

1977
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15 Commerce Road

15 Commerce Road, South Newtown, Newtown, CT
For Lease

$12.45/SF/YR
Property

Industrial

10,450 SF
Availability

2 Spaces

10,450 SF
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280 & 282 S. Main St

280 & 282 S. Main St, Botsford, Newtown, CT
For Sale

$1,975,000
Property

Retail

3,458 SF
Year Built

2020
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103 S Main St #M5

103 S Main St #M5, South Newtown, Newtown, CT
For Sale

$150,000
Property

Office

1,120 SF
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57 Church Hill Rd

57 Church Hill Rd #A, Sandy Hook, CT
For Lease

$11.00/SF/YR
Property

Industrial

31,194 SF
Availability

1 Space

31,194 SF
Year Built

1946
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12 Commerce Rd

12 Commerce Rd, South Newtown, Newtown, CT
For Lease

$1,500.00 - $2,900.00/MO
Property

Industrial

6,850 SF
Availability

3 Spaces

6,850 SF
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103 South Main Street

103 South Main Street, South Newtown, Newtown, CT
For Sale

$475,000
Property

Retail

3,136 SF
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Off Market
9 Commerce Road

9 Commerce Road, South Newtown, Newtown, CT
Property

Office

27,940 SF
Year Built

2002
Off Market
Sand Hill Plaza

228 South Main Street, Botsford, Newtown, CT
Property

Retail

163,545 SF
Year Built

1990
Off Market
11 Edmund Road

11 Edmund Road, Newtown, CT
Property

Industrial

212,698 SF
Year Built

1973
Off Market
Maplewood Medical Center - Building Two

170 Mount Pleasant Road, Newtown, CT
Property

Office

30,627 SF
Year Built

2016
Off Market
31 Pecks Lane

31 Pecks Lane, South Newtown, Newtown, CT
Property

Industrial

134,165 SF
Year Built

1965
Off Market
21 Ethan Allen Road

21 Ethan Allen Road, South Newtown, Newtown, CT
Property

Industrial

252,800 SF
Year Built

1974
Off Market
101 South Main Street

101 South Main Street, South Newtown, Newtown, CT
Property

Industrial

129,628 SF
Year Built

1967
33 Church Hill Road

33 Church Hill Road, Newtown, CT
For Lease

Contact for pricing
Property

Office

6,300 SF
Availability Contact for availability
Year Built

1900
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Off Market
9 Commerce Road

9 Commerce Road, South Newtown, Newtown, CT
Property

Office

27,940 SF
Year Built

2002
Off Market
1 Edmund Road

1 Edmund Road, Sandy Hook, CT
Property

Industrial

124,412 SF
Year Built

1969
Off Market
7 Edmund Road

7 Edmund Road, Newtown, CT
Property

Industrial

158,754 SF
Year Built

1972
Off Market
11 Commerce Road

11 Commerce Road, South Newtown, Newtown, CT
Property

Office

28,698 SF
Year Built

1991
Off Market
14 Prospect Drive

14 Prospect Drive, South Newtown, Newtown, CT
Property

Industrial

142,322 SF
Year Built

1960