Commercial Real Estate Market in Bronx, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,461 active listings and 18,190 off-market properties in Bronx, NY. Commercial property asks $516/SF to buy and $45.49/SF/Yr to lease.
Market Trends
Bronx, NY spans 41.2 square miles in Bronx County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Bronx, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Bronx, 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 Bronx, 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 Bronx, NY asks $327/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
Bronx, NY has 1,477,398 residents in 557,044 households. Density runs 35,843 people per square mile. Median household income here is $51,406 and median gross rent $1,449 a month.
1,477,398
Population
557,044
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
41.2 sq mi
ZIP Area
35,843
Density / Sq Mi
$51,406
Median Household Income
$37,550
Median Earnings
$1,449
Median Rent
$464,673
Median Home Value
Tools
Lease vs Buy Breakeven
At $45.49/SF/Yr lease vs $516/SF buy → buying wins if held > 1.8 years.
At a 8.8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fort Lee | — | $36.14 |
| Edgewater | — | — |
| Flushing | — | $59.55 |
| Cliffside Park | — | — |
Commercial property in Bronx, NY asks $516/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bronx?
Commercial property in Bronx, NY asks an average of $516 per square foot. The 7 most recent recorded sales traded at a median of $291/SF, so asking sits 77% above the achieved median. Multifamily carries the highest asking price at $327/SF.
How much does it cost to lease commercial space in Bronx?
Asking lease rates in Bronx, NY average $45.49 per square foot per year.
Is it cheaper to lease or buy commercial space in Bronx?
Buying beats leasing in Bronx, NY if the property is held longer than 1.8 years, comparing $45.49/SF/Yr asking rent with $516/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Bronx market data come from?
Realmo compiles Bronx, NY figures from 7 recent recorded sales, 1,169 active sale listings, 292 active lease listings, 18,190 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1,169 active for-sale and 292 active for-lease listings in Bronx, 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 30 September 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 30 September 2026 · report a data issue
