Commercial Real Estate Market in Ballston Spa, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
87 active listings and 648 off-market properties in Ballston Spa, NY. Commercial property asks $14/SF to buy and $14.05/SF/Yr to lease.
Market Trends
Ballston Spa, NY spans 75.6 square miles in Saratoga County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Ballston Spa, NY asks $250/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 Spa, NY asks $154/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 Spa, 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 Spa, NY asks $184/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 Spa, NY has 34,667 residents in 15,787 households. Density runs 459 people per square mile. Median household income here is $101,727 and median gross rent $1,562 a month.
34,667
Population
15,787
Households
2.2
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
75.6 sq mi
ZIP Area
459
Density / Sq Mi
$101,727
Median Household Income
$59,730
Median Earnings
$1,562
Median Rent
$299,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Burnt Hills | — | $12.10 |
| Round Lake | — | — |
| Rock City Falls | — | — |
| Saratoga Springs | — | $16.95 |
Commercial property in Ballston Spa, NY asks $14/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ballston Spa?
Commercial property in Ballston Spa, NY asks an average of $14 per square foot. The 4 most recent recorded sales traded at a median of $161/SF. Office carries the highest asking price at $250/SF.
How much does it cost to lease commercial space in Ballston Spa?
Asking lease rates in Ballston Spa, NY average $14.05 per square foot per year.
Where does Realmo's Ballston Spa market data come from?
Realmo compiles Ballston Spa, NY figures from 7 recent recorded sales, 48 active sale listings, 39 active lease listings, 648 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 48 active for-sale and 39 active for-lease listings in Ballston Spa, 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
