Commercial Real Estate Market in Allegany, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
34 active listings and 278 off-market properties in Allegany, NY.
Market Trends
Allegany, NY spans 81.1 square miles in Cattaraugus County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Allegany, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Allegany, NY asks $172/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 Allegany, 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 Allegany, NY asks $94/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
Allegany, NY has 5,910 residents in 2,828 households. Density runs 73 people per square mile. Median household income here is $76,029 and median gross rent $789 a month.
5,910
Population
2,828
Households
2.1
Avg Household Size
47
Median Age
35%
College-Educated
94%
High-School Grad
81.1 sq mi
ZIP Area
73
Density / Sq Mi
$76,029
Median Household Income
$48,518
Median Earnings
$789
Median Rent
$170,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Bonaventure | — | — |
| Olean | — | $11.94 |
| Weston Mills | — | — |
| Derrick City | — | — |
Commercial property in Allegany, NY asks $101/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Allegany?
Commercial property in Allegany, NY asks an average of $101 per square foot. The 3 most recent recorded sales traded at a median of $51/SF, so asking sits 99% above the achieved median. Retail carries the highest asking price at $172/SF.
Where does Realmo's Allegany market data come from?
Realmo compiles Allegany, NY figures from 5 recent recorded sales, 32 active sale listings, 2 active lease listings, 278 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 32 active for-sale and 2 active for-lease listings in Allegany, 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
