Commercial Real Estate Market in Elwood, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
18 active listings and 325 off-market properties in Elwood, NY. Commercial property asks $462/SF to buy and $31.79/SF/Yr to lease.
Market Trends
Elwood, NY spans 8.3 square miles in Suffolk County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Elwood, 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 Elwood, 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 Elwood, 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 Elwood, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Elwood, NY has 30,353 residents in 11,073 households. Density runs 3,648 people per square mile. Median household income here is $158,819 and median gross rent $2,261 a month.
30,353
Population
11,073
Households
2.7
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
8.3 sq mi
ZIP Area
3,648
Density / Sq Mi
$158,819
Median Household Income
$68,071
Median Earnings
$2,261
Median Rent
$622,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Commack | — | $58.39 |
| Northport | — | — |
| Huntington Station | — | $23.48 |
Commercial property in Elwood, NY asks $462/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elwood?
Commercial property in Elwood, NY asks an average of $462 per square foot.
How much does it cost to lease commercial space in Elwood?
Asking lease rates in Elwood, NY average $31.79 per square foot per year.
Where does Realmo's Elwood market data come from?
Realmo compiles Elwood, NY figures from 8 recent recorded sales, 7 active sale listings, 11 active lease listings, 325 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 11 active for-lease listings in Elwood, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
