Commercial Real Estate Market in Central Square, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 266 off-market properties in Central Square, NY. Commercial property asks $708/SF to buy and $4.43/SF/Yr to lease.
Market Trends
Central Square, NY spans 46.1 square miles in Oswego County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Central Square, 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 Central Square, 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 Central Square, 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 Central Square, NY asks $71/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
Central Square, NY has 8,601 residents in 3,959 households. Density runs 187 people per square mile. Median household income here is $87,610 and median gross rent $960 a month.
8,601
Population
3,959
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
46.1 sq mi
ZIP Area
187
Density / Sq Mi
$87,610
Median Household Income
$45,448
Median Earnings
$960
Median Rent
$173,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brewerton | — | — |
| Mallory | — | — |
| West Monroe | — | — |
| Pennellville | — | — |
Commercial property in Central Square, NY asks $708/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Central Square?
Commercial property in Central Square, NY asks an average of $708 per square foot. The 8 most recent recorded sales traded at a median of $160/SF, so asking sits 343% above the achieved median. Multifamily carries the highest asking price at $71/SF.
How much does it cost to lease commercial space in Central Square?
Asking lease rates in Central Square, NY average $4.43 per square foot per year.
Where does Realmo's Central Square market data come from?
Realmo compiles Central Square, NY figures from 8 recent recorded sales, 13 active sale listings, 7 active lease listings, 266 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 13 active for-sale and 7 active for-lease listings in Central Square, 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
