Commercial Real Estate Market in Amherst, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
80 active listings and 725 off-market properties in Amherst, NY. Commercial property asks $101/SF to buy and $30.83/SF/Yr to lease.
Market Trends
Amherst, NY spans 51.2 square miles in Erie County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Amherst, NY asks $106/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 Amherst, NY asks $86/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 Amherst, 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 Amherst, NY asks $106/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
- Residential 67.3%
- Civic 19.8%
- Mixed use 4.5%
- Commercial 4.4%
- Industrial 3.6%
- Planned_development 0.3%
Largest Zones share of zoned land by district
Residential District Three
Suburban Agricultural District
Recreation Conservation District
Community Facilities District
Multifamily Residential District Five
Amherst, NY zones 33,525 acres across 55 districts. Commercial zoning covers 4.4% of zoned land, residential 67.3% and industrial 3.6%. The largest single district is Residential District Three at 29.9%. For commercial buyers the practical constraint is that only 7.9% of land carries a commercial or industrial designation.
Residential District Three (R-3)
Residential District Three (R-3) Purpose. To provide areas within the Town for low-density single-family detached residential development where each dwelling unit shall be located on an individual lot of at least 8,450 square feet. Principal and Special Uses. Permitted Uses and Structures. There shall be not more than one principal structure permitted on a l…
Market overview
Demographics & Economy
Amherst, NY has 122,953 residents in 52,629 households. Density runs 2,399 people per square mile. Median household income here is $91,856 and median gross rent $1,379 a month.
122,953
Population
52,629
Households
2.3
Avg Household Size
39
Median Age
57%
College-Educated
95%
High-School Grad
51.2 sq mi
ZIP Area
2,399
Density / Sq Mi
$91,856
Median Household Income
$50,379
Median Earnings
$1,379
Median Rent
$275,260
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clarence Center | $101 (county avg) | — |
| Clarence | $101 (county avg) | $17.00 |
| Bowmansville | $101 (county avg) | — |
| Newstead | $101 (county avg) | — |
Commercial property in Amherst, NY asks $101/SF. The 4 bordering markets run from $101/SF in Clarence Center to $101/SF in Clarence Center, and the city sits in line with their $101/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Amherst?
Commercial property in Amherst, NY asks an average of $101 per square foot. The 6 most recent recorded sales traded at a median of $299/SF. Office carries the highest asking price at $106/SF.
How much does it cost to lease commercial space in Amherst?
Asking lease rates in Amherst, NY average $30.83 per square foot per year.
How does Amherst compare to nearby markets on price?
Amherst, NY asks $101/SF against $101/SF in Clarence Center, $101/SF in Clarence, $101/SF in Bowmansville and $101/SF in Newstead.
What zoning applies to commercial property in Amherst?
Amherst, NY zones 33,525 acres across 55 districts, of which 4.4% is commercial and 3.6% industrial. The largest single district is Residential District Three at 29.9% of zoned land. Residential District Three (R-3) Purpose. To provide areas within the Town for low-density single-family detached residential development where each dwelling unit shall be located on an individual lot of at least 8,450 square feet. Principal and Special Uses. Permitted Uses and Structures. There shall be not more than one principal structure permitted on a l… Residential zoning covers 67.3% and open space 0%.
Where does Realmo's Amherst market data come from?
Realmo compiles Amherst, NY figures from 7 recent recorded sales, 37 active sale listings, 43 active lease listings, 725 tracked off-market properties, the current Amherst zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 37 active for-sale and 43 active for-lease listings in Amherst, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 33,525 zoned acres across 55 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 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
