Commercial Real Estate Market in Cherry Valley, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 70 off-market properties in Cherry Valley, NY.
Market Trends
Cherry Valley, NY spans 79.0 square miles in Otsego County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cherry Valley, 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 Cherry Valley, 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 Cherry Valley, 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 Cherry Valley, NY asks $97/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
Cherry Valley, NY has 2,068 residents in 1,039 households. Density runs 26 people per square mile. Median household income here is $80,956 and median gross rent $805 a month.
2,068
Population
1,039
Households
2
Avg Household Size
48
Median Age
36%
College-Educated
93%
High-School Grad
79 sq mi
ZIP Area
26
Density / Sq Mi
$80,956
Median Household Income
$37,386
Median Earnings
$805
Median Rent
$191,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Springfield | — | — |
| Van Deusenville | — | — |
| Springfld Center | — | — |
| Sharon Springs | — | — |
Commercial property in Cherry Valley, NY asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cherry Valley?
Commercial property in Cherry Valley, NY asks an average of $11 per square foot. The 4 most recent recorded sales traded at a median of $43/SF. Multifamily carries the highest asking price at $97/SF.
Where does Realmo's Cherry Valley market data come from?
Realmo compiles Cherry Valley, NY figures from 4 recent recorded sales, 18 active sale listings, 70 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 18 active for-sale and 0 active for-lease listings in Cherry Valley, 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
