Commercial Real Estate Market in Kingston, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
193 active listings and 1,636 off-market properties in Kingston, NY. Commercial property asks $197/SF to buy and $20.66/SF/Yr to lease.
Market Trends
Kingston, NY spans 58.9 square miles in Ulster County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Kingston, NY asks $197/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 Kingston, NY asks $160/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 Kingston, 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 Kingston, NY asks $254/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
- Open space 32.8%
- Mixed use 28.8%
- Residential 15.3%
- Commercial 7.1%
Largest Zones share of zoned land by district
Conservation Limited Use
Neighborhood Limited Use
Residential Large Lots Limited Use
Special District
Natural Restricted Use
Conservation Limited Use (T2-C)
The purpose of this zoning district is to protect the integrity of existing natural land with low density detached homes as well as areas of steep slopes and natural vegetation, and reinforce their role within the City.
Market overview
Demographics & Economy
Kingston, NY has 35,493 residents in 16,914 households. Density runs 603 people per square mile. Median household income here is $67,426 and median gross rent $1,300 a month.
35,493
Population
16,914
Households
2.1
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
58.9 sq mi
ZIP Area
603
Density / Sq Mi
$67,426
Median Household Income
$42,503
Median Earnings
$1,300
Median Rent
$285,700
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.66/SF/Yr lease vs $197/SF buy → buying wins if held > 1.3 years.
At a 10.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Connelly | — | — |
| Port Ewen | — | — |
| Rhinecliff | — | — |
| Mount Washington | — | — |
Commercial property in Kingston, NY asks $197/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kingston?
Commercial property in Kingston, NY asks an average of $197 per square foot. The 4 most recent recorded sales traded at a median of $271/SF. Multifamily carries the highest asking price at $254/SF.
How much does it cost to lease commercial space in Kingston?
Asking lease rates in Kingston, NY average $20.66 per square foot per year.
Is it cheaper to lease or buy commercial space in Kingston?
Buying beats leasing in Kingston, NY if the property is held longer than 1.3 years, comparing $20.66/SF/Yr asking rent with $197/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Kingston market data come from?
Realmo compiles Kingston, NY figures from 6 recent recorded sales, 121 active sale listings, 72 active lease listings, 1,636 tracked off-market properties, the current Kingston zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 121 active for-sale and 72 active for-lease listings in Kingston, 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: 4,231 zoned acres across 12 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
