Commercial Real Estate Market in Elmira, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
273 active listings and 1,673 off-market properties in Elmira, NY. Commercial property asks $41/SF to buy and $16.55/SF/Yr to lease.
Market Trends
Elmira, NY spans 65.0 square miles in Chemung County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Chemung County, office space asks $33/SF to buy. Office vacancy in Elmira, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Chemung County, retail space asks $66/SF to buy. Retail vacancy in Elmira, 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 Elmira, 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 Chemung County, multifamily space asks $39/SF to buy. Multifamily vacancy in Elmira, 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 54.7%
- Industrial 15.2%
- Open space 13.5%
- Mixed use 5.9%
- Civic 3.5%
- Commercial 2.7%
Largest Zones share of zoned land by district
Elmira, NY zones 4,780 acres across 21 districts. Commercial zoning covers 2.7% of zoned land, residential 54.7%, open space 13.5% and industrial 15.2%. The largest single district is Residential One Family at 34.3%. For commercial buyers the practical constraint is that only 17.9% of land carries a commercial or industrial designation.
This district is intended to create, preserve and enhance areas of the City composed primarily of single family residences built at low or medium densities on quiet streets, but which were developed at a period of time in the past when lot sizes were somewhat smaller than those of more recently developed single family neighborhoods. These areas are still sta…
Market overview
Demographics & Economy
Elmira, NY has 45,919 residents in 22,015 households. Density runs 706 people per square mile. Median household income here is $57,743 and median gross rent $960 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Elmira?
How much does it cost to lease commercial space in Elmira?
What zoning applies to commercial property in Elmira?
Where does Realmo's Elmira market data come from?
Methodology & data sources
- Asking prices and medians
- There are 231 active for-sale and 42 active for-lease listings in Elmira, NY. The medians are based on 145 of the for-sale and 19 of the for-lease listings, those that state a price or 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.
- 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: 4,780 zoned acres across 21 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
