Commercial Real Estate Market in Colonie, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
879 active listings and 4,623 off-market properties in Colonie, NY. Commercial property asks $128/SF to buy and $14.43/SF/Yr to lease.
Market Trends
Colonie, NY spans 25.8 square miles in Albany County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Colonie, NY asks $14.54/SF/Yr to lease and $167/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail space in Colonie, NY asks $14.33/SF/Yr to lease and $130/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%.
Industrial
Industrial vacancy in Colonie, 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 Colonie, NY asks $121/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 83%
- Residential 8.9%
- Industrial 8.1%
Largest Zones share of zoned land by district
Residential A
Commercial A
Conservation And Residential
Commercial D
Residential B
Residential A (RA)
The purpose of this zoning district is to provide one family dwelling for use by one family, churches, schools or public libraries
Market overview
Demographics & Economy
Colonie, NY has 55,378 residents in 26,816 households. Density runs 2,146 people per square mile. Median household income here is $84,576 and median gross rent $1,373 a month.
55,378
Population
26,816
Households
2.1
Avg Household Size
41
Median Age
45%
College-Educated
95%
High-School Grad
25.8 sq mi
ZIP Area
2,146
Density / Sq Mi
$84,576
Median Household Income
$49,206
Median Earnings
$1,373
Median Rent
$261,449
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.43/SF/Yr lease vs $128/SF buy → buying wins if held > 1.1 years.
The comparison uses county-wide sale comps against Colonie asking rents, so the implied 11.3% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. 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 |
|---|---|---|
| Newtonville | $128 (county avg) | $17.77 |
| Guilderland | $128 (county avg) | — |
| Albany | $128 (county avg) | $14.43 |
| Dunsbach Ferry | $128 (county avg) | $7.44 |
Commercial property in Colonie, NY asks $128/SF. The 4 bordering markets run from $128/SF in Newtonville to $128/SF in Newtonville, and the city sits in line with their $128/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Colonie?
Commercial property in Colonie, NY asks an average of $128 per square foot. The 3 most recent recorded sales traded at a median of $245/SF. Office carries the highest asking price at $167/SF.
How much does it cost to lease commercial space in Colonie?
Asking lease rates in Colonie, NY average $14.43 per square foot per year. Office asks $14.54/SF/Yr as of Q2 26, up from $13.58/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Colonie?
Buying beats leasing in Colonie, NY if the property is held longer than 1.1 years, comparing $14.43/SF/Yr asking rent with $128/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.
How does Colonie compare to nearby markets on price?
Colonie, NY asks $128/SF against $128/SF in Newtonville, $128/SF in Guilderland, $128/SF in Albany and $128/SF in Dunsbach Ferry.
Where does Realmo's Colonie market data come from?
Realmo compiles Colonie, NY figures from 3 recent recorded sales, 542 active sale listings, 337 active lease listings, 4,623 tracked off-market properties, the current Colonie zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 542 active for-sale and 337 active for-lease listings in Colonie, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 1,722 zoned acres across 7 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
