Commercial Real Estate Market in Albion, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
26 active listings and 379 off-market properties in Albion, NY. Commercial property asks $17/SF to buy and $8.33/SF/Yr to lease.
Market Trends
Albion, NY spans 112.7 square miles in Orleans County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Albion, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Albion, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Albion, NY runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Albion, NY asks $105/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 71.6%
- Planned_development 24.5%
- Commercial 2.5%
- Residential 1.4%
Largest Zones share of zoned land by district
Light Industrial
Planned Development
General Business
Residential
Agricultural Or Residential
Albion, NY zones 684 acres across 5 districts. Commercial zoning covers 2.5% of zoned land, residential 1.4% and industrial 71.6%. The largest single district is Light Industrial at 71.6%. For commercial buyers the practical constraint is that only 74.1% of land carries a commercial or industrial designation.
Light Industrial (LI)
Light Industrial District (LI). A. Purpose. The purpose of the Light Industrial District is to provide for light manufacturing, assembly and storage-type facilities. B. Permitted uses: (1) Agriculture. (2) Scientific research or experimental development of materials, methods or products including engineering and laboratory research. (3) Administrative, educa…
Market overview
Demographics & Economy
Albion, NY has 13,334 residents in 5,683 households. Density runs 118 people per square mile. Median household income here is $53,626 and median gross rent $888 a month.
13,334
Population
5,683
Households
2.3
Avg Household Size
41
Median Age
12%
College-Educated
85%
High-School Grad
112.7 sq mi
ZIP Area
118
Density / Sq Mi
$53,626
Median Household Income
$35,681
Median Earnings
$888
Median Rent
$108,500
Median Home Value
Tools
Nearby Markets
Commercial property in Albion, NY asks $17/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Albion?
Commercial property in Albion, NY asks an average of $17 per square foot. The 6 most recent recorded sales traded at a median of $16/SF, so asking sits 7% above the achieved median. Multifamily carries the highest asking price at $105/SF.
How much does it cost to lease commercial space in Albion?
Asking lease rates in Albion, NY average $8.33 per square foot per year.
What zoning applies to commercial property in Albion?
Albion, NY zones 684 acres across 5 districts, of which 2.5% is commercial and 71.6% industrial. The largest single district is Light Industrial at 71.6% of zoned land. Light Industrial District (LI). A. Purpose. The purpose of the Light Industrial District is to provide for light manufacturing, assembly and storage-type facilities. B. Permitted uses: (1) Agriculture. (2) Scientific research or experimental development of materials, methods or products including engineering and laboratory research. (3) Administrative, educa… Residential zoning covers 1.4% and open space 0%.
Where does Realmo's Albion market data come from?
Realmo compiles Albion, NY figures from 6 recent recorded sales, 24 active sale listings, 2 active lease listings, 379 tracked off-market properties, the current Albion zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 2 active for-lease listings in Albion, NY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 684 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
