Norwich, CT Commercial Real Estate for Lease and Sale

Explore 20 listings of Norwich commercial real estate to find the best space for your business.

One Towne Park Plaza Medical Office

11 Case Street, Bean Hill, Norwich, CT
Property

Office

17,922 SF
For Sale

$3,495,000
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295 Otrobando

295 Otrobando, Bean Hill, Norwich, CT
Property

VacantLand
For Sale

$295,000
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Cedar Glen Apartments

99 Cedar Street, Jail Hill, Norwich, CT
Property

Multi-Family

49,522 SF
For Sale

$7,475,000
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Thames Plaza

101 Water Street, Jail Hill, Norwich, CT
Property

Office

34,440 SF
Availability

1 Space

33,440 SF
Year Built

1986
For Lease

$20.00/SF/YR
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
The Mercantile Exchange

55 Main Street, Jail Hill, Norwich, CT
Property

Office
Availability

1 Space

27,470 SF
For Lease Contact for pricing
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Norwichtown Development Land

16 Town St, Norwichtown, Norwich, CT
Property

VacantLand

12,000 SF
Year Built

1900
For Sale

$1,200,000
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309 Otrobando Avenue

309 Otrobando Ave, Bean Hill, Norwich, CT
Property

Office

1,500 SF
Year Built

1895
For Sale

$995,000
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For Lease & Build to Suit Opportunity

1 Wisconsin Ave, Bean Hill, Norwich, CT
Property

Industrial
Availability

1 Space

66,000 SF
Year Built

1971
For Lease Contact for pricing
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267 Otrobando Avenue

267 Otrobando Ave, Bean Hill, Norwich, CT
Property

Industrial

10,000 SF
Year Built

1985
For Sale

$1,500,000
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66 Franklin Street
Foundry 66
66 Franklin Street, Norwich, CT
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Business address

Complimentary coffee & tea

High-speed wifi

Kitchen

Lockers

Parking

Printer

Privacy booths

Projector

TV/Monitor
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Hickory Court

229 Boswell Avenue, Greeneville, Norwich, CT
Property

Multi-Family

17,790 SF
For Sale

$2,500,000
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Yantic River Plaza

236 West Town Street, Bean Hill, Norwich, CT
Property

Office

24,320 SF
For Sale

$1,400,000
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101 Water Street

101 Water Street, Jail Hill, Norwich, CT
Property

Office

34,440 SF
Year Built

1986
For Sale

$1,950,000
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Westgate Plaza

415 West Main Street, East Great Plains, Norwich, CT
Property

Retail

17,597 SF
Availability

3 Spaces

17,597 SF
For Lease

$14.00/SF/YR
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Salem Plaza

77 Salem Turnpike, East Great Plains, Norwich, CT
Property

Retail

14,474 SF
Availability

2 Spaces

5,237 SF
For Lease

$20.00/SF/YR
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15 Wisconsin Avenue

15 Wisconsin Avenue, Yantic, Norwich, CT
Property

Industrial

18,600 SF
Availability

4 Spaces

16,500 SF
Year Built

1983
For Lease

$6.50 - $12.00/SF/YR
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164 Otrobando Avenue

164 Otrobando Avenue, Bean Hill, Norwich, CT
Property

Office

6,500 SF
Availability

1 Space

6,500 SF
For Lease

$17.00/SF/YR
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7 Otis Street

7 Otis Street, East Side Norwich, Norwich, CT
Property

Retail

7,042 SF
Year Built

1900
For Sale

$539,000
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48 Lafayette St

48 Lafayette St, East Great Plains, Norwich, CT
Property

Other

3,144 SF
Availability

1 Space

3,144 SF
Year Built

1895
For Lease Contact for pricing
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243 Vergason Avenue

243 Vergason Avenue, Bean Hill, Norwich, CT
Property

Industrial

55,872 SF
Availability

1 Space

27,000 SF
Year Built

1983
For Lease

$6.50/SF/YR
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Frequently Asked Questions

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 Norwich commercial real estate market incorporates 119,122 square feet of office space across 8 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 Norwich commercial real estate market includes 39,113 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 Norwich market, there is a total of 84,472 square feet of industrial property.

The listing inventory in Norwich incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Norwich is represented by Industrial space, which accounts for 109,500 square feet of available listings. Office space available in Norwich adds up to 67,410 square feet.

Meanwhile, most of the listings of commercial property for sale in Norwich are in the Office category.

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.

The average rent for commercial real estate space listed for lease in Norwich is $14.2 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 Norwich 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.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. 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 Norwich, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Norwich is in the East Great Plains neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Jail Hill area.

Meanwhile, retail space opportunities are most abundant in the East Great Plains submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Yantic.

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.

Regardless of whether buying or 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!

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 $17 per square foot.

The average size of a commercial property in Norwich 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 Norwich, the average size of an office property is 19,854 square feet.
Retail properties here incorporate an average of 13,038 square feet.
Industrial space in Norwich is in buildings that are, on average 28,158 square feet in size.

Norwich, CT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Norwich currently add up to 202,888 square feet. The market offers 4 active office listing(s), which amount to 67,410 square feet and account for 40% of commercial spaces on the market. Local retail availability includes 22,834 square feet across 2 retail space(s). Industrial space for rent opportunities in Norwich amount to 109,500 square feet across a total of 3 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	4	67,410
Retail	2	22,834
Industrial	3	109,500
Other	1	3,144

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Norwich, CT. Currently, there is 185,814 square feet of commercial property for sale here , which includes 4 office building(s) for sale , 1 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	4	78,182
Retail	1	7,042
Industrial	1	10,000
Other	5	90,590

Norwich, CT Commercial Real Estate for Lease and Sale

One Towne Park Plaza Medical Office

295 Otrobando

Cedar Glen Apartments

Thames Plaza

The Mercantile Exchange

Norwichtown Development Land

309 Otrobando Avenue

For Lease & Build to Suit Opportunity

267 Otrobando Avenue

66 Franklin Street

Hickory Court

Yantic River Plaza

101 Water Street

Westgate Plaza

Salem Plaza

15 Wisconsin Avenue

164 Otrobando Avenue

7 Otis Street

48 Lafayette St

243 Vergason Avenue

Frequently Asked Questions

Norwich, CT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Norwich, CT Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

What is the average rent for commercial space in Norwich, CT?

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

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

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

Norwich, CT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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