Commercial Real Estate Market in Alfred, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 44 off-market properties in Alfred, NY. Commercial property asks $128/SF to buy and $12.50/SF/Yr to lease.
Market Trends
Alfred, NY spans 1.1 square miles in Allegany County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Alfred, NY asks $116/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Alfred, NY asks $26/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Alfred, 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 Alfred, NY asks $45/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
Market overview
Demographics & Economy
Alfred, NY has 4,016 residents in 675 households. Density runs 3,531 people per square mile. Median household income here is $44,659 and median gross rent $800 a month.
4,016
Population
675
Households
5.9
Avg Household Size
22
Median Age
69%
College-Educated
95%
High-School Grad
1.1 sq mi
ZIP Area
3,531
Density / Sq Mi
$44,659
Median Household Income
$5,749
Median Earnings
$800
Median Rent
$169,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alfred Station | — | — |
| Almond | — | — |
| Andover | — | — |
| Hornell | — | $6.30 |
Commercial property in Alfred, NY asks $128/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alfred?
Commercial property in Alfred, NY asks an average of $128 per square foot. Office carries the highest asking price at $116/SF.
How much does it cost to lease commercial space in Alfred?
Asking lease rates in Alfred, NY average $12.50 per square foot per year.
Where does Realmo's Alfred market data come from?
Realmo compiles Alfred, NY figures from 2 recent recorded sales, 4 active sale listings, 1 active lease listings, 44 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 1 active for-lease listings in Alfred, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 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 31 August 2026 · report a data issue
