Commercial Real Estate Market in Gloversville, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
85 active listings and 808 off-market properties in Gloversville, NY. Commercial property asks $8/SF to buy and $9.00/SF/Yr to lease.
Market Trends
Gloversville, NY spans 110.8 square miles in Fulton County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Gloversville, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Gloversville, NY asks $184/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 Gloversville, 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 space in Gloversville, NY asks $60/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 58%
- Commercial 19.5%
- Industrial 11.5%
- Open space 6.3%
- Planned_development 2.2%
Largest Zones share of zoned land by district
Residential 1
Residential A
Residential And Commercial
Manufacturing
Commercial
Gloversville, NY zones 3,226 acres across 10 districts. Commercial zoning covers 19.5% of zoned land, residential 58%, open space 6.3% and industrial 11.5%. The largest single district is Residential 1 at 47.1%. For commercial buyers the practical constraint is that only 31% of land carries a commercial or industrial designation.
Residential 1 (R-1)
The following sign regulations shall apply in the R-1 and R-1A Districts:93 A. Nameplate and identification signs indicating the name and address of the occupant or permitted home occupation in any residence shall be permitted, provided that such sign shall not exceed two square feet in area and shall not emit any flashing or intermittent illumination. B. Bu…
Market overview
Demographics & Economy
Gloversville, NY has 23,009 residents in 11,668 households. Density runs 208 people per square mile. Median household income here is $54,565 and median gross rent $908 a month.
23,009
Population
11,668
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
87%
High-School Grad
110.8 sq mi
ZIP Area
208
Density / Sq Mi
$54,565
Median Household Income
$36,769
Median Earnings
$908
Median Rent
$122,400
Median Home Value
Tools
Nearby Markets
Commercial property in Gloversville, NY asks $8/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gloversville?
Commercial property in Gloversville, NY asks an average of $8 per square foot. The 5 most recent recorded sales traded at a median of $158/SF. Retail carries the highest asking price at $184/SF.
How much does it cost to lease commercial space in Gloversville?
Asking lease rates in Gloversville, NY average $9.00 per square foot per year.
What zoning applies to commercial property in Gloversville?
Gloversville, NY zones 3,226 acres across 10 districts, of which 19.5% is commercial and 11.5% industrial. The largest single district is Residential 1 at 47.1% of zoned land. The following sign regulations shall apply in the R-1 and R-1A Districts:93 A. Nameplate and identification signs indicating the name and address of the occupant or permitted home occupation in any residence shall be permitted, provided that such sign shall not exceed two square feet in area and shall not emit any flashing or intermittent illumination. B. Bu… Residential zoning covers 58% and open space 6.3%.
Where does Realmo's Gloversville market data come from?
Realmo compiles Gloversville, NY figures from 6 recent recorded sales, 79 active sale listings, 6 active lease listings, 808 tracked off-market properties, the current Gloversville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 79 active for-sale and 6 active for-lease listings in Gloversville, 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: 3,226 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 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
