Commercial Real Estate Market in Franklin Square, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
17 active listings and 309 off-market properties in Franklin Square, NY. Commercial property asks $8,979/SF to buy and $33.75/SF/Yr to lease.
Market Trends
Franklin Square, NY spans 2.4 square miles in Nassau County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Franklin Square, 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 Franklin Square, 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 Franklin Square, 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 Franklin Square, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Franklin Square, NY has 25,013 residents in 8,577 households. Density runs 10,400 people per square mile. Median household income here is $140,686 and median gross rent $2,096 a month.
25,013
Population
8,577
Households
2.9
Avg Household Size
44
Median Age
40%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
10,400
Density / Sq Mi
$140,686
Median Household Income
$58,584
Median Earnings
$2,096
Median Rent
$647,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Floral Park | — | $31.24 |
| New Hyde Park | — | — |
| Garden City | — | $37.24 |
| Hempstead | — | $34.48 |
Commercial property in Franklin Square, NY asks $8,979/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Franklin Square?
Commercial property in Franklin Square, NY asks an average of $8,979 per square foot. The 7 most recent recorded sales traded at a median of $487/SF, so asking sits 1743% above the achieved median.
How much does it cost to lease commercial space in Franklin Square?
Asking lease rates in Franklin Square, NY average $33.75 per square foot per year.
Where does Realmo's Franklin Square market data come from?
Realmo compiles Franklin Square, NY figures from 7 recent recorded sales, 9 active sale listings, 8 active lease listings, 309 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 9 active for-sale and 8 active for-lease listings in Franklin Square, 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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 · report a data issue
