Commercial Real Estate Market in Hamburg, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
88 active listings and 1,076 off-market properties in Hamburg, NY. Commercial property asks $101/SF to buy and $10.17/SF/Yr to lease.
Market Trends
Hamburg, NY spans 39.4 square miles in Erie County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hamburg, NY asks $106/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 Hamburg, NY asks $86/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 Hamburg, 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 Hamburg, NY asks $106/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 69.8%
- Mixed use 21.4%
- Commercial 8.9%
Largest Zones share of zoned land by district
Single Family Residential
Mixed Use Industrial
Mixed Use Redevelopment
Village Center Commercial
Gateway Commercial
Hamburg, NY zones 852 acres across 8 districts. Commercial zoning covers 8.9% of zoned land, residential 69.8%. The largest single district is Single Family Residential at 69.7%. For commercial buyers the practical constraint is that only 8.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Hamburg, NY has 44,053 residents in 20,164 households. Density runs 1,117 people per square mile. Median household income here is $82,083 and median gross rent $1,129 a month.
44,053
Population
20,164
Households
2.2
Avg Household Size
46
Median Age
38%
College-Educated
96%
High-School Grad
39.4 sq mi
ZIP Area
1,117
Density / Sq Mi
$82,083
Median Household Income
$50,934
Median Earnings
$1,129
Median Rent
$246,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Boston | $101 (county avg) | — |
| Athol Springs | $101 (county avg) | — |
| Eden | $101 (county avg) | — |
| Orchard Park | $101 (county avg) | $17.46 |
Commercial property in Hamburg, NY asks $101/SF. The 4 bordering markets run from $101/SF in North Boston to $101/SF in North Boston, and the city sits in line with their $101/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hamburg?
Commercial property in Hamburg, NY asks an average of $101 per square foot. The 5 most recent recorded sales traded at a median of $120/SF. Office carries the highest asking price at $106/SF.
How much does it cost to lease commercial space in Hamburg?
Asking lease rates in Hamburg, NY average $10.17 per square foot per year.
How does Hamburg compare to nearby markets on price?
Hamburg, NY asks $101/SF against $101/SF in North Boston, $101/SF in Athol Springs, $101/SF in Eden and $101/SF in Orchard Park.
What zoning applies to commercial property in Hamburg?
Hamburg, NY zones 852 acres across 8 districts, of which 8.9% is commercial and 0% industrial. The largest single district is Single Family Residential at 69.7% of zoned land. Residential zoning covers 69.8% and open space 0%.
Where does Realmo's Hamburg market data come from?
Realmo compiles Hamburg, NY figures from 6 recent recorded sales, 53 active sale listings, 35 active lease listings, 1,076 tracked off-market properties, the current Hamburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 53 active for-sale and 35 active for-lease listings in Hamburg, 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.
- Zoning and land use
- The current municipal zoning release: 852 zoned acres across 8 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 31 August 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 31 August 2026 · report a data issue
