Commercial Real Estate Market in East Norwich, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
54 active listings and 516 off-market properties in East Norwich, NY. Commercial property asks $375/SF to buy and $41.05/SF/Yr to lease.
Market Trends
East Norwich, NY spans 2.2 square miles in Nassau County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in East Norwich, 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 East Norwich, 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 East Norwich, 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 vacancy in East Norwich, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
East Norwich, NY has 3,638 residents in 1,504 households. Density runs 1,683 people per square mile. Median household income here is $120,707 and median gross rent $2,782 a month.
3,638
Population
1,504
Households
2.4
Avg Household Size
49
Median Age
64%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
1,683
Density / Sq Mi
$120,707
Median Household Income
$80,288
Median Earnings
$2,782
Median Rent
$753,400
Median Home Value
Tools
Lease vs Buy Breakeven
At $41.05/SF/Yr lease vs $375/SF buy → buying wins if held > 1.2 years.
At a 11% 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 |
|---|---|---|
| Muttontown | — | $41.05 |
| Syosset | — | $26.52 |
| Matinecock | — | — |
Commercial property in East Norwich, NY asks $375/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in East Norwich?
Commercial property in East Norwich, NY asks an average of $375 per square foot. The 7 most recent recorded sales traded at a median of $703/SF.
How much does it cost to lease commercial space in East Norwich?
Asking lease rates in East Norwich, NY average $41.05 per square foot per year.
Is it cheaper to lease or buy commercial space in East Norwich?
Buying beats leasing in East Norwich, NY if the property is held longer than 1.2 years, comparing $41.05/SF/Yr asking rent with $375/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 East Norwich market data come from?
Realmo compiles East Norwich, NY figures from 7 recent recorded sales, 17 active sale listings, 37 active lease listings, 516 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 37 active for-lease listings in East Norwich, 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
