Commercial Real Estate Market in Grand Island, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
25 active listings and 308 off-market properties in Grand Island, NY. Commercial property asks $100/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Grand Island, NY spans 28.2 square miles in Erie County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Grand Island, NY asks $117/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 Grand Island, NY asks $73/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 Grand Island, 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 Grand Island, NY asks $103/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
Market overview
Demographics & Economy
Grand Island, NY has 21,389 residents in 9,053 households. Density runs 760 people per square mile. Median household income here is $107,036 and median gross rent $1,222 a month.
21,389
Population
9,053
Households
2.4
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
28.2 sq mi
ZIP Area
760
Density / Sq Mi
$107,036
Median Household Income
$56,420
Median Earnings
$1,222
Median Rent
$302,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tonawanda | $100 (county avg) | $13.41 |
| Buffalo | $100 (county avg) | $38.48 |
| Amherst | $100 (county avg) | $29.38 |
Commercial property in Grand Island, NY asks $100/SF. The 3 bordering markets run from $100/SF in Tonawanda to $100/SF in Tonawanda, and the city sits in line with their $100/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grand Island?
Commercial property in Grand Island, NY asks an average of $100 per square foot. The 6 most recent recorded sales traded at a median of $206/SF. Office carries the highest asking price at $117/SF.
How much does it cost to lease commercial space in Grand Island?
Asking lease rates in Grand Island, NY average $14.00 per square foot per year.
How does Grand Island compare to nearby markets on price?
Grand Island, NY asks $100/SF against $100/SF in Tonawanda, $100/SF in Buffalo and $100/SF in Amherst.
Where does Realmo's Grand Island market data come from?
Realmo compiles Grand Island, NY figures from 8 recent recorded sales, 18 active sale listings, 7 active lease listings, 308 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 18 active for-sale and 7 active for-lease listings in Grand Island, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 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
