Commercial Real Estate Market in Elma, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
25 active listings and 309 off-market properties in Elma, NY. Commercial property asks $12.36/SF/Yr to lease, and the average asking price across Erie County is $99/SF.
Market Trends
Elma, NY spans 26.9 square miles in Erie County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Erie County, office space asks $111/SF to buy. Office vacancy in Elma, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Erie County, retail space asks $67/SF to buy. Retail vacancy in Elma, NY 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 Elma, 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%.
Multifamily
Across Erie County, multifamily space asks $100/SF to buy. Multifamily vacancy in Elma, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 90.3%
- Commercial 9.4%
- Industrial 0.3%
Largest Zones share of zoned land by district
Elma, NY zones 3,638 acres across 8 districts. Commercial zoning covers 9.4% of zoned land, residential 90.3% and industrial 0.3%. The largest single district is Residential B at 89.1%. For commercial buyers the practical constraint is that only 9.6% of land carries a commercial or industrial designation.
Intermediate Commercial (C-2) District Art IXA Major Commercial (C-3) District Art X Industrial Zone Art XA Elma Center Overlay Art XI Height, Bulk and Arrangement of Buildings Art XII Zoning Board of Appeals Art XIII Amendments Art XIV Administration and Enforcement Art XV Permits and Certificates Art XVI Multiple Dwellings Art XVIA Clinton Multiple Dwellin…
Market overview
Demographics & Economy
Elma, NY has 9,280 residents in 3,803 households. Density runs 344 people per square mile. Median household income here is $101,698 and median gross rent $1,316 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Cheektowaga | $135 | $16.36 |
| Orchard Park | $163 | $18.00 |
Across Erie County, commercial property asks $99/SF. The 2 bordering markets run from $135/SF in Cheektowaga to $163/SF in Orchard Park, and Erie County sits below their $149/SF median.
Frequently Asked Questions
What does commercial property cost per square foot in Elma?
How much does it cost to lease commercial space in Elma?
How does Elma compare to nearby markets on price?
What zoning applies to commercial property in Elma?
Where does Realmo's Elma market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 14 active for-lease listings in Elma, NY. The sale figure is the Erie County average, as too few listings here state a price per square foot; the rent median is based on 12 of the for-lease listings that state a rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 3,638 zoned acres across 8 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 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
