Commercial Real Estate Market in Herkimer, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
43 active listings and 484 off-market properties in Herkimer, NY.
Market Trends
Herkimer, NY spans 31.6 square miles in Herkimer County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Herkimer, 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 Herkimer, NY asks $49/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 Herkimer, 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 Herkimer, NY asks $45/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
Herkimer, NY has 9,513 residents in 4,709 households. Density runs 301 people per square mile. Median household income here is $62,548 and median gross rent $821 a month.
9,513
Population
4,709
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
31.6 sq mi
ZIP Area
301
Density / Sq Mi
$62,548
Median Household Income
$37,975
Median Earnings
$821
Median Rent
$136,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mohawk | — | — |
| Columbia Center | — | — |
| Schuyler | — | — |
| Fairfield | — | — |
Commercial property in Herkimer, NY asks $107/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Herkimer?
Commercial property in Herkimer, NY asks an average of $107 per square foot. The 7 most recent recorded sales traded at a median of $15/SF, so asking sits 608% above the achieved median. Retail carries the highest asking price at $49/SF.
Where does Realmo's Herkimer market data come from?
Realmo compiles Herkimer, NY figures from 8 recent recorded sales, 39 active sale listings, 4 active lease listings, 484 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 39 active for-sale and 4 active for-lease listings in Herkimer, 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 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, 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 31 August 2026 · report a data issue
