Commercial Real Estate Market in Hornell, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 539 off-market properties in Hornell, NY. Commercial property asks $47/SF to buy and $6.30/SF/Yr to lease.
Market Trends
Hornell, NY spans 95.7 square miles in Steuben County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hornell, 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 Hornell, 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 Hornell, 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 Hornell, NY asks $66/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
- Civic 65.2%
- Commercial 19.5%
- Industrial 13.4%
Largest Zones share of zoned land by district
Residence District
Residence District
Business District
Industrial District
Business District
Industrial District (I-1)
I-1 Light Industrial District. Buildings and land in I-1 Light Industrial Districts shall be used and buildings shall be erected, altered and moved only for the uses set forth as permitted in the following regulations and which meet all performances standards set forth in this Code. (1) Principal buildings and uses. Principal uses shall be as follows: indust…
Market overview
Demographics & Economy
Hornell, NY has 12,637 residents in 6,353 households. Density runs 132 people per square mile. Median household income here is $56,004 and median gross rent $766 a month.
12,637
Population
6,353
Households
2
Avg Household Size
42
Median Age
21%
College-Educated
93%
High-School Grad
95.7 sq mi
ZIP Area
132
Density / Sq Mi
$56,004
Median Household Income
$36,286
Median Earnings
$766
Median Rent
$104,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Almond | — | — |
| Canisteo | — | — |
| Arkport | — | — |
| Alfred Station | — | — |
Commercial property in Hornell, NY asks $47/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hornell?
Commercial property in Hornell, NY asks an average of $47 per square foot. The 3 most recent recorded sales traded at a median of $77/SF. Multifamily carries the highest asking price at $66/SF.
How much does it cost to lease commercial space in Hornell?
Asking lease rates in Hornell, NY average $6.30 per square foot per year.
Where does Realmo's Hornell market data come from?
Realmo compiles Hornell, NY figures from 8 recent recorded sales, 31 active sale listings, 5 active lease listings, 539 tracked off-market properties, the current Hornell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 5 active for-lease listings in Hornell, 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: 1,753 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
