Commercial Real Estate Market in Binghamton, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
128 active listings and 2,441 off-market properties in Binghamton, NY. Commercial property asks $72/SF to buy and $12.00/SF/Yr to lease (based on 5 listings). 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 October 2026.
Office
Office vacancy in Binghamton, NY runs 6.7% in 2023, up from 5.7% in 2019.
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%.
Industrial
Industrial vacancy in Binghamton, NY runs 3.5% in 2022, down from 11.2% in 2019.
Multifamily
Across Broome County, multifamily space asks $105/SF to buy. Multifamily vacancy in Binghamton, 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
- Residential 77.3%
- Industrial 15.1%
- Commercial 3.9%
- Civic 3.7%
Largest Zones share of zoned land by district
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Westover | $81 | $14.70 |
| Vestal | $101 | — |
| Endicott | $96 | — |
Commercial property in Binghamton, NY asks $72/SF. The 3 bordering markets run from $81/SF in Westover to $101/SF in Vestal, and the city sits below their $96/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Binghamton?
How much does it cost to lease commercial space in Binghamton?
What is the office vacancy rate in Binghamton?
Which property type has the lowest vacancy in Binghamton?
How does Binghamton compare to nearby markets on price?
What zoning applies to commercial property in Binghamton?
Where does Realmo's Binghamton market data come from?
Methodology & data sources
- Asking prices and medians
- There are 114 active for-sale and 14 active for-lease listings in Binghamton, NY. The medians are based on 74 of the for-sale and 5 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: 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
