Commercial Real Estate Market in New York
New York has 25,693 active for-sale listings and 11,512 active for-lease listings. Statewide, the median asking price is $292/SF and the median asking rent is $22.66/SF/Yr as of November 2026. Realmo tracks 228 city markets here; among the 55 with enough listings to rank, median asking prices range from $98/SF in Mechanicville to $755/SF in South Hampton.
- Median asking price
- $292/SF
- Median asking rent
- $22.66/SF/Yr
- For-sale listings
- 25,693
- For-lease listings
- 11,512
- City markets
- 228
Highest- and Lowest-Priced Markets
Asking prices vary across New York: the median in South Hampton is $755/SF, 7.7x the $98/SF median in Mechanicville. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in South Hampton at $755/SF, Long Island City at $749/SF and Brooklyn at $666/SF. The lowest median asking prices are in Mechanicville at $98/SF, Fulton at $99/SF and Tonawanda at $101/SF. 14 of 55 ranked markets have median asking prices above the statewide $292/SF.
Asking Rents
The highest median asking rents are in South Hampton at $50.00/SF/Yr, New York at $46.00/SF/Yr and Flushing at $45.08/SF/Yr. The lowest median asking rents are in Niagara Falls at $11.00/SF/Yr, Pendleton at $12.00/SF/Yr and Jamestown at $12.00/SF/Yr. 20 of 47 ranked markets have median asking rents above the statewide $22.66/SF/Yr.
New York vs. Neighboring States
The median asking price in New York is $292/SF, above the $177/SF median of its 5 neighboring states. By median asking price, the state is the highest of the 6 in the group. The median asking rent is $22.66/SF/Yr, compared with $16.05/SF/Yr in Pennsylvania, $21.29/SF/Yr in New Jersey and $21.62/SF/Yr in Massachusetts next door. The statewide median asking price is above the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| New York | $292 | $22.66 | 25,693 | 11,512 |
| Connecticut | $177 | $18.00 | 3,024 | 3,566 |
| Massachusetts | $274 | $21.62 | 6,422 | 6,381 |
| New Jersey | $246 | $21.29 | 8,546 | 6,121 |
| Pennsylvania | $146 | $16.05 | 12,378 | 8,239 |
| Vermont | $141 | $14.00 | 738 | 258 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in New York
Realmo tracks 228 city markets in New York; the 40 with the most active listings are listed below. Brooklyn leads with 5,458 active listings, followed by New York and Flushing.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Brooklyn | 5,458 | $666 | $38.00 |
| New York | 5,234 | $1,170 | $46.00 |
| Flushing | 2,393 | $601 | $45.08 |
| Buffalo | 1,604 | $96 | $16.00 |
| Bronx | 1,411 | $376 | $34.25 |
| Long Island City | 1,162 | $749 | $43.38 |
| Jamaica | 1,155 | $525 | $38.00 |
| Staten Island | 1,073 | $455 | $31.74 |
| Albany | 915 | $133 | $15.25 |
| Rochester | 903 | $74 | $15.00 |
| Syracuse | 522 | $91 | $13.85 |
| Schenectady | 400 | $131 | $16.00 |
| Yonkers | 316 | $351 | $31.96 |
| Troy | 309 | $109 | $15.75 |
| Elmira | 273 | $41 | $16.55 |
| Niagara Falls | 269 | $62 | $11.00 |
| Jamestown | 255 | $40 | $12.00 |
| Newburgh | 252 | $179 | $18.89 |
| Saratoga Springs | 240 | $316 | $23.10 |
| Utica | 197 | $67 | — |
| Pendleton | 185 | $80 | $12.00 |
| Kingston | 184 | $197 | $22.26 |
| Poughkeepsie | 178 | $167 | $23.00 |
| Glens Falls | 172 | $131 | $12.00 |
| Mount Vernon | 167 | $259 | — |
| Middletown | 166 | $110 | $14.39 |
| Cheektowaga | 144 | $135 | $16.36 |
| Ithaca | 140 | $176 | $21.00 |
| Hempstead | 136 | $268 | — |
| Milford Center | 132 | $107 | $14.40 |
| Binghamton | 128 | $72 | — |
| Auburn | 122 | $67 | — |
| Far Rockaway | 122 | $375 | — |
| Great Neck | 120 | $380 | $38.36 |
| White Plains | 116 | — | — |
| Clifton Park Center | 113 | $195 | $17.50 |
| West Glenville | 108 | $79 | — |
| Newtonville | 104 | $165 | $18.50 |
| Monticello | 102 | $199 | $42.63 |
| Watertown | 94 | $78 | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in New York?
How much does it cost to lease commercial space in New York?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in New York compare with neighboring states?
Which markets in New York have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 25,693 active for-sale and 11,512 active for-lease listings across New York in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 12,202 for-sale and 2,626 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
