Commercial Real Estate Market in Green Island, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
329 active listings and 1,838 off-market properties in Green Island, NY. Commercial property asks $95/SF to buy and $15.82/SF/Yr to lease.
Market Trends
Green Island, NY spans 0.7 square miles in Rensselaer County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Green Island, 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 Green Island, NY asks $91/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 Green 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 Green Island, NY asks $113/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
Green Island, NY has 2,934 residents in 1,758 households. Density runs 3,915 people per square mile. Median household income here is $70,281 and median gross rent $1,081 a month.
2,934
Population
1,758
Households
1.7
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
3,915
Density / Sq Mi
$70,281
Median Household Income
$47,245
Median Earnings
$1,081
Median Rent
$137,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Watervliet | $128 (county avg) | $7.60 |
| Newtonville | $128 (county avg) | $17.33 |
| Dunsbach Ferry | $128 (county avg) | $7.44 |
| Albany | $128 (county avg) | $14.24 |
Commercial property in Green Island, NY asks $95/SF. The 4 bordering markets run from $128/SF in Watervliet to $128/SF in Watervliet, and the city sits below their $128/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Green Island?
Commercial property in Green Island, NY asks an average of $95 per square foot. The 6 most recent recorded sales traded at a median of $76/SF, so asking sits 26% above the achieved median. Multifamily carries the highest asking price at $113/SF.
How much does it cost to lease commercial space in Green Island?
Asking lease rates in Green Island, NY average $15.82 per square foot per year.
How does Green Island compare to nearby markets on price?
Green Island, NY asks $95/SF against $128/SF in Watervliet, $128/SF in Newtonville, $128/SF in Dunsbach Ferry and $128/SF in Albany.
Where does Realmo's Green Island market data come from?
Realmo compiles Green Island, NY figures from 7 recent recorded sales, 248 active sale listings, 81 active lease listings, 1,838 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 248 active for-sale and 81 active for-lease listings in Green 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.
- 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 · How Realmo checks market page data · Report a data issue
