Commercial Real Estate Market in Freeport, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
59 active listings and 1,039 off-market properties in Freeport, NY. Commercial property asks $274/SF to buy and $25.25/SF/Yr to lease.
Market Trends
Freeport, NY spans 5.1 square miles in Nassau County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Freeport, 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 Freeport, 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 Freeport, 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 Freeport, 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
- Civic 62.3%
- Industrial 12.4%
- Commercial 10.2%
- Open space 10.2%
- Residential 4.9%
Largest Zones share of zoned land by district
Residence A
Residence AA
Parks
Business B
Industrial B
Residence A (R-A)
The purpose of the R-A district is to allow permitted uses such as dwellings for not more than one family, churches or similar places of worship, parish houses, convents, elementary public schools, parochial schools, high schools, and institutions for higher learning, etc.
Market overview
Demographics & Economy
Freeport, NY has 45,121 residents in 14,912 households. Density runs 8,917 people per square mile. Median household income here is $119,407 and median gross rent $1,984 a month.
45,121
Population
14,912
Households
3
Avg Household Size
39
Median Age
27%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
8,917
Density / Sq Mi
$119,407
Median Household Income
$47,475
Median Earnings
$1,984
Median Rent
$480,600
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Freeport?
Commercial property in Freeport, NY asks an average of $274 per square foot. The 3 most recent recorded sales traded at a median of $425/SF.
How much does it cost to lease commercial space in Freeport?
Asking lease rates in Freeport, NY average $25.25 per square foot per year.
Where does Realmo's Freeport market data come from?
Realmo compiles Freeport, NY figures from 5 recent recorded sales, 36 active sale listings, 23 active lease listings, 1,039 tracked off-market properties, the current Freeport zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 36 active for-sale and 23 active for-lease listings in Freeport, 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: 3,301 zoned acres across 19 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 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 · report a data issue
