Commercial Real Estate Market in Amherst, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
91 active listings and 725 off-market properties in Amherst, NY. Commercial property asks $168/SF to buy and $18.50/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 October 2026.
Office
Across Erie County, office space asks $111/SF to buy. Office vacancy in Amherst, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Erie County, retail space asks $67/SF to buy. Retail vacancy in Amherst, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
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%.
Multifamily
Across Erie County, multifamily space asks $100/SF to buy. Multifamily vacancy in Amherst, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
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
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) 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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Pendleton | $80 | $12.00 |
| Clarence | $152 | $18.00 |
Commercial property in Amherst, NY asks $168/SF. The 2 bordering markets run from $80/SF in Pendleton to $152/SF in Clarence, and the city sits above their $116/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Amherst?
How much does it cost to lease commercial space in Amherst?
How does Amherst compare to nearby markets on price?
What zoning applies to commercial property in Amherst?
Where does Realmo's Amherst market data come from?
Methodology & data sources
- Asking prices and medians
- There are 39 active for-sale and 52 active for-lease listings in Amherst, NY. The medians are based on 14 of the for-sale and 16 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
