Commercial Real Estate Market in Bethlehem, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 231 off-market properties in Bethlehem, NY. Commercial property asks $127/SF to buy and $14.16/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Bethlehem, NY asks $149/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 Bethlehem, NY asks $128/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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Bethlehem, NY asks $121/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
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
Rural Multi Use
Low Density Residential
Rural Light Industrial
Heavy Industrial
Core Residential
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 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…
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Slingerlands | $127 (county avg) | — |
| Feura Bush | $127 (county avg) | — |
| Bethlehem Center | $127 (county avg) | — |
| Beckers Corners | $127 (county avg) | — |
Commercial property in Bethlehem, NY asks $127/SF. The 4 bordering markets run from $127/SF in Slingerlands to $127/SF in Slingerlands, and the city sits in line with their $127/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bethlehem?
Commercial property in Bethlehem, NY asks an average of $127 per square foot. The 6 most recent recorded sales traded at a median of $201/SF. Office carries the highest asking price at $149/SF.
How much does it cost to lease commercial space in Bethlehem?
Asking lease rates in Bethlehem, NY average $14.16 per square foot per year.
How does Bethlehem compare to nearby markets on price?
Bethlehem, NY asks $127/SF against $127/SF in Slingerlands, $127/SF in Feura Bush, $127/SF in Bethlehem Center and $127/SF in Beckers Corners.
What zoning applies to commercial property in Bethlehem?
Bethlehem, NY zones 29,044 acres across 14 districts, of which 3.4% is commercial and 49.5% industrial. The largest single district is Rural Multi Use at 27.4% of zoned land. 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… Residential zoning covers 41.2% and open space 0%.
Where does Realmo's Bethlehem market data come from?
Realmo compiles Bethlehem, NY figures from 6 recent recorded sales, 10 active sale listings, 21 active lease listings, 231 tracked off-market properties, the current Bethlehem zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 21 active for-lease listings in Bethlehem, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 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
