Commercial Real Estate Market in Glens Falls, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
184 active listings and 1,875 off-market properties in Glens Falls, NY. Commercial property asks $42/SF to buy and $11.48/SF/Yr to lease.
Market Trends
Glens Falls, NY spans 64.5 square miles in Warren County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Glens Falls, NY asks $158/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Glens Falls, NY asks $120/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Glens Falls, 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 Glens Falls, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Glens Falls, NY has 51,630 residents in 24,393 households. Density runs 800 people per square mile. Median household income here is $82,711 and median gross rent $1,161 a month.
51,630
Population
24,393
Households
2.1
Avg Household Size
44
Median Age
36%
College-Educated
92%
High-School Grad
64.5 sq mi
ZIP Area
800
Density / Sq Mi
$82,711
Median Household Income
$47,992
Median Earnings
$1,161
Median Rent
$248,213
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fortsville | — | $15.00 |
| West Fort Ann | — | — |
| Argyle | — | — |
| Lake Luzerne | — | — |
Commercial property in Glens Falls, NY asks $42/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Glens Falls?
Commercial property in Glens Falls, NY asks an average of $42 per square foot. The 5 most recent recorded sales traded at a median of $155/SF. Office carries the highest asking price at $158/SF.
How much does it cost to lease commercial space in Glens Falls?
Asking lease rates in Glens Falls, NY average $11.48 per square foot per year.
Where does Realmo's Glens Falls market data come from?
Realmo compiles Glens Falls, NY figures from 5 recent recorded sales, 122 active sale listings, 62 active lease listings, 1,875 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 122 active for-sale and 62 active for-lease listings in Glens Falls, 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 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
