Commercial Real Estate Market in Elma, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 309 off-market properties in Elma, NY. Commercial property asks $101/SF to buy and $12.06/SF/Yr to lease.
Market Trends
Elma, NY spans 26.9 square miles in Erie County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Elma, NY asks $106/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Elma, NY asks $86/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%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Elma, NY asks $106/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 90.3%
- Commercial 9.4%
- Industrial 0.3%
Largest Zones share of zoned land by district
Residential B
Intermediate Commercial
Neighborhood Commercial
Major Commercial
Residential A
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)
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.
9,280
Population
3,803
Households
2.4
Avg Household Size
51
Median Age
42%
College-Educated
97%
High-School Grad
26.9 sq mi
ZIP Area
344
Density / Sq Mi
$101,698
Median Household Income
$60,569
Median Earnings
$1,316
Median Rent
$323,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Springbrook | $101 (county avg) | — |
| Marilla | $101 (county avg) | — |
| Cheektowaga | $101 (county avg) | $18.27 |
| Townline | $101 (county avg) | — |
Commercial property in Elma, NY asks $101/SF. The 4 bordering markets run from $101/SF in Springbrook to $101/SF in Springbrook, and the city sits in line with their $101/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elma?
Commercial property in Elma, NY asks an average of $101 per square foot. The 5 most recent recorded sales traded at a median of $127/SF. Office carries the highest asking price at $106/SF.
How much does it cost to lease commercial space in Elma?
Asking lease rates in Elma, NY average $12.06 per square foot per year.
How does Elma compare to nearby markets on price?
Elma, NY asks $101/SF against $101/SF in Springbrook, $101/SF in Marilla, $101/SF in Cheektowaga and $101/SF in Townline.
What zoning applies to commercial property in Elma?
Elma, NY zones 3,638 acres across 8 districts, of which 9.4% is commercial and 0.3% industrial. The largest single district is Residential B at 89.1% of zoned land. Residential zoning covers 90.3% and open space 0%.
Where does Realmo's Elma market data come from?
Realmo compiles Elma, NY figures from 5 recent recorded sales, 15 active sale listings, 11 active lease listings, 309 tracked off-market properties, the current Elma zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 11 active for-lease listings in Elma, 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: 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 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
