Commercial Real Estate Market in Burnt Hills, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
41 active listings and 221 off-market properties in Burnt Hills, NY. Commercial property asks $202/SF to buy and $12.10/SF/Yr to lease.
Market Trends
Burnt Hills, NY spans 35.9 square miles in Saratoga County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Burnt Hills, NY asks $250/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 Burnt Hills, NY asks $154/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 Burnt Hills, 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 Burnt Hills, NY asks $184/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
Burnt Hills, NY has 19,784 residents in 8,626 households. Density runs 551 people per square mile. Median household income here is $114,363 and median gross rent $1,376 a month.
19,784
Population
8,626
Households
2.3
Avg Household Size
44
Median Age
54%
College-Educated
97%
High-School Grad
35.9 sq mi
ZIP Area
551
Density / Sq Mi
$114,363
Median Household Income
$62,657
Median Earnings
$1,376
Median Rent
$368,096
Median Home Value
Tools
Lease vs Buy Breakeven
At $12.10/SF/Yr lease vs $202/SF buy → buying wins if held > 5.3 years.
At a 6% 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 |
|---|---|---|
| Round Lake | — | — |
| Ballston Spa | — | $14.05 |
| Schenectady | — | $13.71 |
| Clifton Park Center | — | $14.13 |
Commercial property in Burnt Hills, NY asks $202/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Burnt Hills?
Commercial property in Burnt Hills, NY asks an average of $202 per square foot. The 5 most recent recorded sales traded at a median of $184/SF, so asking sits 10% above the achieved median. Office carries the highest asking price at $250/SF.
How much does it cost to lease commercial space in Burnt Hills?
Asking lease rates in Burnt Hills, NY average $12.10 per square foot per year.
Is it cheaper to lease or buy commercial space in Burnt Hills?
Buying beats leasing in Burnt Hills, NY if the property is held longer than 5.3 years, comparing $12.10/SF/Yr asking rent with $202/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 Burnt Hills market data come from?
Realmo compiles Burnt Hills, NY figures from 5 recent recorded sales, 20 active sale listings, 21 active lease listings, 221 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 21 active for-lease listings in Burnt Hills, 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 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
