Commercial Real Estate Market in Greenburgh, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
119 active listings and 1,205 off-market properties in Greenburgh, NY. Commercial property asks $336/SF to buy and $39.67/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Greenburgh, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Greenburgh, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Greenburgh, 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 Greenburgh, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 80.5%
- Planned_development 8.6%
- Civic 4.7%
- Mixed use 3.7%
- Industrial 1.4%
- Commercial 1.1%
Largest Zones share of zoned land by district
One Family Residence
One Family Residence
One Family Residence
One Family Residence
One Family Residence
Greenburgh, NY zones 11,481 acres across 27 districts. Commercial zoning covers 1.1% of zoned land, residential 80.5% and industrial 1.4%. The largest single district is One Family Residence at 28.8%. For commercial buyers the practical constraint is that only 2.5% of land carries a commercial or industrial designation.
One Family Residence (R-20)
R-20 One-Family Residence District. Permitted uses. No building or premises shall be used and no building shall be erected, altered or added to unless otherwise provided in this chapter, except for the following uses: Principal uses. All uses permitted in the R-40 District as specified in § 285-10A(1) of this chapter. Special permit uses. All uses permitted…
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elmsford | — | — |
| Ardsley | — | — |
| White Plains | — | $39.67 |
Commercial property in Greenburgh, NY asks $336/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenburgh?
Commercial property in Greenburgh, NY asks an average of $336 per square foot.
How much does it cost to lease commercial space in Greenburgh?
Asking lease rates in Greenburgh, NY average $39.67 per square foot per year.
What zoning applies to commercial property in Greenburgh?
Greenburgh, NY zones 11,481 acres across 27 districts, of which 1.1% is commercial and 1.4% industrial. The largest single district is One Family Residence at 28.8% of zoned land. R-20 One-Family Residence District. Permitted uses. No building or premises shall be used and no building shall be erected, altered or added to unless otherwise provided in this chapter, except for the following uses: Principal uses. All uses permitted in the R-40 District as specified in § 285-10A(1) of this chapter. Special permit uses. All uses permitted… Residential zoning covers 80.5% and open space 0%.
Where does Realmo's Greenburgh market data come from?
Realmo compiles Greenburgh, NY figures from 5 recent recorded sales, 42 active sale listings, 77 active lease listings, 1,205 tracked off-market properties, the current Greenburgh zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 42 active for-sale and 77 active for-lease listings in Greenburgh, 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: 11,481 zoned acres across 27 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
