Commercial Real Estate Market in Gowanda, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6 active listings and 311 off-market properties in Gowanda, NY.
Market Trends
Gowanda, NY spans 50.8 square miles in Cattaraugus County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Gowanda, 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 Gowanda, NY asks $251/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 Gowanda, 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 Gowanda, NY asks $68/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 45.6%
- Commercial 33.2%
- Industrial 21.3%
Largest Zones share of zoned land by district
One Family Residential District Class B
General Industrial District
Neighborhood Business District Restricted
General Business District
One Family Residential District Class A
Gowanda, NY zones 866 acres across 6 districts. Commercial zoning covers 33.2% of zoned land, residential 45.6% and industrial 21.3%. The largest single district is One Family Residential District Class B at 35.6%. For commercial buyers the practical constraint is that only 54.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Gowanda, NY has 5,093 residents in 2,589 households. Density runs 100 people per square mile. Median household income here is $51,620 and median gross rent $740 a month.
5,093
Population
2,589
Households
2
Avg Household Size
44
Median Age
15%
College-Educated
88%
High-School Grad
50.8 sq mi
ZIP Area
100
Density / Sq Mi
$51,620
Median Household Income
$39,330
Median Earnings
$740
Median Rent
$100,600
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Gowanda?
Commercial property in Gowanda, NY asks an average of $195 per square foot. The 6 most recent recorded sales traded at a median of $56/SF, so asking sits 246% above the achieved median. Retail carries the highest asking price at $251/SF.
What zoning applies to commercial property in Gowanda?
Gowanda, NY zones 866 acres across 6 districts, of which 33.2% is commercial and 21.3% industrial. The largest single district is One Family Residential District Class B at 35.6% of zoned land. Residential zoning covers 45.6% and open space 0%.
Where does Realmo's Gowanda market data come from?
Realmo compiles Gowanda, NY figures from 6 recent recorded sales, 6 active sale listings, 311 tracked off-market properties, the current Gowanda zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Gowanda, 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: 866 zoned acres across 6 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, 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
