Commercial Real Estate Market in Basom, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 54 off-market properties in Basom, NY.
Market Trends
Basom, NY spans 34.6 square miles in Genesee County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Basom, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Basom, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Basom, 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 vacancy in Basom, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Basom, NY has 1,317 residents in 653 households. Density runs 38 people per square mile. Median household income here is $73,350 and median gross rent $935 a month.
1,317
Population
653
Households
2
Avg Household Size
44
Median Age
29%
College-Educated
94%
High-School Grad
34.6 sq mi
ZIP Area
38
Density / Sq Mi
$73,350
Median Household Income
$44,621
Median Earnings
$935
Median Rent
$152,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Newstead | $101 (county avg) | — |
| Crittenden | $101 (county avg) | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Basom?
Asking lease rates in Basom, NY average $9.00 per square foot per year.
Where does Realmo's Basom market data come from?
Realmo compiles Basom, NY figures from 1 active sale listings, 1 active lease listings, 54 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 1 active for-sale and 1 active for-lease listings in Basom, 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
