Commercial Real Estate Market in Andover, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 81 off-market properties in Andover, NY.
Market Trends
Andover, NY spans 61.0 square miles in Allegany County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Andover, 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 Andover, 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 Andover, 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 Andover, 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
Andover, NY has 1,963 residents in 998 households. Density runs 32 people per square mile. Median household income here is $75,368 and median gross rent $773 a month.
1,963
Population
998
Households
2
Avg Household Size
43
Median Age
23%
College-Educated
94%
High-School Grad
61 sq mi
ZIP Area
32
Density / Sq Mi
$75,368
Median Household Income
$33,726
Median Earnings
$773
Median Rent
$88,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alfred Station | — | — |
| Alfred | — | — |
| Greenwood | — | — |
| Wellsville | — | $10.00 |
Commercial property in Andover, NY asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Andover?
Commercial property in Andover, NY asks an average of $9 per square foot. Office carries the highest asking price at $116/SF.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Andover, 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
