Commercial Real Estate Market in Bethlehem, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
41 active listings and 231 off-market properties in Bethlehem, NY. Commercial property asks $181/SF to buy (based on 9 listings) and $16.00/SF/Yr to lease (based on 7 listings).
Market Trends
Figures below refresh monthly; last updated 31 October 2026.
Office
Across Albany County, office space asks $122/SF to buy. Office vacancy in Bethlehem, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Albany County, retail space asks $127/SF to buy. Retail vacancy in Bethlehem, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Bethlehem, 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%.
Multifamily
Across Albany County, multifamily space asks $124/SF to buy. Multifamily vacancy in Bethlehem, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 49.5%
- Residential 41.2%
- Planned_development 4%
- Commercial 3.4%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Bethlehem, NY zones 29,044 acres across 14 districts. Commercial zoning covers 3.4% of zoned land, residential 41.2% and industrial 49.5%. The largest single district is Rural Multi Use at 27.4%. For commercial buyers the practical constraint is that only 52.9% of land carries a commercial or industrial designation.
Rural Multi-Use RMU Rural Riverfront RR § 128-22.2 PURPOSE STATEMENTS A. Commercial Multi-Use (CMU). The purpose of the CMU District is to recognize the Town’s regional commercial areas and increase economic opportunity within them by supporting a wide mix of uses in a more compact and sustainable development pattern. To accomplish this, the CMU District reg…
Frequently Asked Questions
What is the median price per square foot for commercial property in Bethlehem?
How much does it cost to lease commercial space in Bethlehem?
What zoning applies to commercial property in Bethlehem?
Where does Realmo's Bethlehem market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 25 active for-lease listings in Bethlehem, NY. The medians are based on 9 of the for-sale and 7 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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.
- Zoning and land use
- The current municipal zoning release: 29,044 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 October 2026 · How Realmo checks market page data · Report a data issue
