Commercial Real Estate Market in Binghamton, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
123 active listings and 2,441 off-market properties in Binghamton, NY. Commercial property asks $107/SF to buy and $10.75/SF/Yr to lease. Office vacancy runs 6.7%, the loosest of the segments tracked here.
Market Trends
Binghamton, NY spans 115.2 square miles in Broome County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Binghamton, NY runs 6.7% in 2023, up from 5.7% in 2019.
Vacancy Rate %
Retail
Retail vacancy in Binghamton, 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 Binghamton, NY runs 3.5% in 2022, down from 11.2% in 2019.
Vacancy Rate %
Multifamily
Multifamily space in Binghamton, NY asks $84/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
- Residential 77.3%
- Industrial 15.1%
- Commercial 3.9%
- Civic 3.7%
Largest Zones share of zoned land by district
Residential Single Unit Dwelling
Residential One And Two Unit Dwelling
Residential Multi Unit Dwelling
Service Commercial
Heavy Industrial
Binghamton, NY zones 7,083 acres across 12 districts. Commercial zoning covers 3.9% of zoned land, residential 77.3% and industrial 15.1%. The largest single district is Residential Single Unit Dwelling at 40.5%. For commercial buyers the practical constraint is that only 19% of land carries a commercial or industrial designation.
Residential Single Unit Dwelling (R-1)
The intent of the R-1 Residential Single Unit Dwelling District is to designate areas where low density, one unit dwellings constitute the existing and desired future developmental character and where substantial restriction on the use of land and the density of development is necessary to preserve present character and protect the economic value of existing…
Market overview
Demographics & Economy
Binghamton, NY has 82,856 residents in 36,528 households. Density runs 719 people per square mile. Median household income here is $56,036 and median gross rent $898 a month.
82,856
Population
36,528
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
115.2 sq mi
ZIP Area
719
Density / Sq Mi
$56,036
Median Household Income
$32,404
Median Earnings
$898
Median Rent
$140,246
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westover | — | — |
| Chenango Bridge | — | — |
| Vestal | — | — |
| Langdon | — | — |
Commercial property in Binghamton, NY asks $107/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Binghamton?
Commercial property in Binghamton, NY asks an average of $107 per square foot. The 4 most recent recorded sales traded at a median of $146/SF. Multifamily carries the highest asking price at $84/SF.
How much does it cost to lease commercial space in Binghamton?
Asking lease rates in Binghamton, NY average $10.75 per square foot per year.
What is the office vacancy rate in Binghamton?
Office vacancy in Binghamton, NY is 6.7% as of 2023, up from 5.7% in 2019.
Which property type has the lowest vacancy in Binghamton?
Industrial has the lowest vacancy in Binghamton, NY at 3.5%, inside a 3.5–11.2% band since 2019. For comparison: office 6.7%, retail 6% (Northeast) and multifamily 5.6% (Northeast).
What zoning applies to commercial property in Binghamton?
Binghamton, NY zones 7,083 acres across 12 districts, of which 3.9% is commercial and 15.1% industrial. The largest single district is Residential Single Unit Dwelling at 40.5% of zoned land. The intent of the R-1 Residential Single Unit Dwelling District is to designate areas where low density, one unit dwellings constitute the existing and desired future developmental character and where substantial restriction on the use of land and the density of development is necessary to preserve present character and protect the economic value of existing… Residential zoning covers 77.3% and open space 0%.
Where does Realmo's Binghamton market data come from?
Realmo compiles Binghamton, NY figures from 5 recent recorded sales, 112 active sale listings, 11 active lease listings, 2,441 tracked off-market properties, the current Binghamton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 112 active for-sale and 11 active for-lease listings in Binghamton, 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.
- Zoning and land use
- The current municipal zoning release: 7,083 zoned acres across 12 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
- retail vacancy is reported at Northeast region level and multifamily 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
