Commercial Real Estate Market in Corning, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
90 active listings and 623 off-market properties in Corning, NY. Commercial property asks $80/SF to buy and $14.02/SF/Yr to lease.
Market Trends
Corning, NY spans 90.6 square miles in Steuben County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Corning, 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 Corning, 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 Corning, 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 Corning, NY asks $66/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
- Residential 60.4%
- Open space 19.7%
- Commercial 14.8%
- Industrial 4.8%
- Planned_development 0.3%
Largest Zones share of zoned land by district
Residential Low Density
Public And Conservation
Residential Moderate Density
Commercial
Business Development
Corning, NY zones 1,849 acres across 10 districts. Commercial zoning covers 14.8% of zoned land, residential 60.4%, open space 19.7% and industrial 4.8%. The largest single district is Residential Low Density at 41%. For commercial buyers the practical constraint is that only 19.6% of land carries a commercial or industrial designation.
Residential Moderate Density (R2)
Article IV Zoning Districts § 240-15 Establishment of zoning districts. § 240-16 Zoning Map. § 240-17 Interpretation of district boundaries. § 240-18 Residential Low Density (R1). § 240-19 Residential Moderate Density (R2). § 240-20 Multiple Residence (MR). § 240-21 Residential Transition (RT). § 240-22 Commercial (C). § 240-23 Commercial/Light Industrial (C…
Market overview
Demographics & Economy
Corning, NY has 18,949 residents in 9,324 households. Density runs 209 people per square mile. Median household income here is $73,831 and median gross rent $997 a month.
18,949
Population
9,324
Households
2
Avg Household Size
40
Median Age
41%
College-Educated
96%
High-School Grad
90.6 sq mi
ZIP Area
209
Density / Sq Mi
$73,831
Median Household Income
$48,331
Median Earnings
$997
Median Rent
$168,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Painted Post | — | — |
| Coopers Plains | — | — |
| Big Flats | — | — |
| Lindley | — | — |
Commercial property in Corning, NY asks $80/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Corning?
Commercial property in Corning, NY asks an average of $80 per square foot. The 8 most recent recorded sales traded at a median of $60/SF, so asking sits 34% above the achieved median. Multifamily carries the highest asking price at $66/SF.
How much does it cost to lease commercial space in Corning?
Asking lease rates in Corning, NY average $14.02 per square foot per year.
What zoning applies to commercial property in Corning?
Corning, NY zones 1,849 acres across 10 districts, of which 14.8% is commercial and 4.8% industrial. The largest single district is Residential Low Density at 41% of zoned land. Residential zoning covers 60.4% and open space 19.7%.
Where does Realmo's Corning market data come from?
Realmo compiles Corning, NY figures from 8 recent recorded sales, 69 active sale listings, 21 active lease listings, 623 tracked off-market properties, the current Corning zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 69 active for-sale and 21 active for-lease listings in Corning, 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.
- Zoning and land use
- The current municipal zoning release: 1,849 zoned acres across 10 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 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
