Commercial Real Estate Market in Ballston Lake, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
45 active listings and 221 off-market properties in Ballston Lake, NY. Commercial property asks $179/SF to buy and $9.77/SF/Yr to lease.
Market Trends
Ballston Lake, NY spans 28.5 square miles in Saratoga County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Ballston Lake, NY asks $279/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 Ballston Lake, NY asks $192/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 Ballston Lake, 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 Ballston Lake, NY asks $227/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
Ballston Lake, NY has 15,826 residents in 6,911 households. Density runs 556 people per square mile. Median household income here is $116,329 and median gross rent $1,191 a month.
15,826
Population
6,911
Households
2.3
Avg Household Size
45
Median Age
54%
College-Educated
97%
High-School Grad
28.5 sq mi
ZIP Area
556
Density / Sq Mi
$116,329
Median Household Income
$63,121
Median Earnings
$1,191
Median Rent
$381,900
Median Home Value
Tools
Lease vs Buy Breakeven
At $9.77/SF/Yr lease vs $179/SF buy → buying wins if held > 7.3 years.
At a 5.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Burnt Hills | — | $9.77 |
| Schenectady | — | $13.45 |
| Round Lake | — | — |
| Clifton Park Center | — | $14.13 |
Commercial property in Ballston Lake, NY asks $179/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ballston Lake?
Commercial property in Ballston Lake, NY asks an average of $179 per square foot. The 5 most recent recorded sales traded at a median of $184/SF. Office carries the highest asking price at $279/SF.
How much does it cost to lease commercial space in Ballston Lake?
Asking lease rates in Ballston Lake, NY average $9.77 per square foot per year.
Is it cheaper to lease or buy commercial space in Ballston Lake?
Buying beats leasing in Ballston Lake, NY if the property is held longer than 7.3 years, comparing $9.77/SF/Yr asking rent with $179/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Ballston Lake market data come from?
Realmo compiles Ballston Lake, NY figures from 5 recent recorded sales, 21 active sale listings, 24 active lease listings, 221 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 24 active for-lease listings in Ballston Lake, 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 30 September 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 30 September 2026 · report a data issue
