Commercial Real Estate Market in Belfast, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 38 off-market properties in Belfast, NY.
Market Trends
Belfast, NY spans 41.2 square miles in Allegany County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Belfast, 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 Belfast, 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 Belfast, 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 Belfast, 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
Belfast, NY has 1,822 residents in 896 households. Density runs 44 people per square mile. Median household income here is $59,828 and median gross rent $530 a month.
1,822
Population
896
Households
2
Avg Household Size
41
Median Age
22%
College-Educated
82%
High-School Grad
41.2 sq mi
ZIP Area
44
Density / Sq Mi
$59,828
Median Household Income
$36,815
Median Earnings
$530
Median Rent
$88,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Caneadea | — | — |
| Angelica | — | — |
| Houghton | — | — |
| Rushford | — | — |
Commercial property in Belfast, NY asks $62/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Belfast?
Commercial property in Belfast, NY asks an average of $62 per square foot. Office carries the highest asking price at $116/SF.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Belfast, 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
