Commercial Real Estate Market in Elmsford, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
45 active listings and 446 off-market properties in Elmsford, NY. Commercial property asks $127/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Elmsford, NY spans 3.6 square miles in Westchester County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elmsford, 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 Elmsford, 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 Elmsford, 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 Elmsford, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.5%
- Commercial 11.9%
- Industrial 5.1%
- Mixed use 2.3%
Largest Zones share of zoned land by district
No Zoning
Residence Two Families
Residence One Family
Business District
Residence One Family
Elmsford, NY zones 660 acres across 10 districts. Commercial zoning covers 11.9% of zoned land, residential 53.5% and industrial 5.1%. The largest single district is No Zoning at 27.3%. For commercial buyers the practical constraint is that only 17% of land carries a commercial or industrial designation.
Residence Two Families (R-2)
R-2 District. In any business or industrial district where a ground level rear yard is required or provided, the aggregate area covered by accessory buildings and the last above-mentioned projections shall not exceed 50% of the required rear yard area behind a building used in any part for residence purposes. In the case of exceptionally wide lots where side…
Market overview
Demographics & Economy
Elmsford, NY has 9,489 residents in 3,727 households. Density runs 2,603 people per square mile. Median household income here is $115,809 and median gross rent $3,004 a month.
9,489
Population
3,727
Households
2.5
Avg Household Size
37
Median Age
51%
College-Educated
91%
High-School Grad
3.6 sq mi
ZIP Area
2,603
Density / Sq Mi
$115,809
Median Household Income
$64,776
Median Earnings
$3,004
Median Rent
$526,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Tarrytown | — | — |
| Valhalla | — | — |
| Hartsdale | — | — |
| White Plains | — | $34.34 |
Commercial property in Elmsford, NY asks $127/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elmsford?
Commercial property in Elmsford, NY asks an average of $127 per square foot. The 5 most recent recorded sales traded at a median of $1,947/SF.
How much does it cost to lease commercial space in Elmsford?
Asking lease rates in Elmsford, NY average $15.00 per square foot per year.
What zoning applies to commercial property in Elmsford?
Elmsford, NY zones 660 acres across 10 districts, of which 11.9% is commercial and 5.1% industrial. The largest single district is No Zoning at 27.3% of zoned land. Residential zoning covers 53.5% and open space 0%.
Where does Realmo's Elmsford market data come from?
Realmo compiles Elmsford, NY figures from 5 recent recorded sales, 9 active sale listings, 36 active lease listings, 446 tracked off-market properties, the current Elmsford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 36 active for-lease listings in Elmsford, 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: 660 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
