Commercial Real Estate Market in Ilion, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
16 active listings and 239 off-market properties in Ilion, NY. Commercial property asks $99/SF to buy and $748.79/SF/Yr to lease.
Market Trends
Ilion, NY spans 29.6 square miles in Herkimer County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Ilion, 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 Ilion, NY asks $70/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 Ilion, 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 Ilion, NY asks $48/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
Ilion, NY has 10,330 residents in 5,101 households. Density runs 350 people per square mile. Median household income here is $62,500 and median gross rent $751 a month.
10,330
Population
5,101
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
93%
High-School Grad
29.6 sq mi
ZIP Area
350
Density / Sq Mi
$62,500
Median Household Income
$46,064
Median Earnings
$751
Median Rent
$105,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Ilion?
Commercial property in Ilion, NY asks an average of $99 per square foot. The 3 most recent recorded sales traded at a median of $113/SF. Retail carries the highest asking price at $70/SF.
How much does it cost to lease commercial space in Ilion?
Asking lease rates in Ilion, NY average $748.79 per square foot per year.
Where does Realmo's Ilion market data come from?
Realmo compiles Ilion, NY figures from 4 recent recorded sales, 14 active sale listings, 2 active lease listings, 239 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 14 active for-sale and 2 active for-lease listings in Ilion, 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 · report a data issue
