Commercial Real Estate Market in Lackawanna, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,743 active listings and 13,922 off-market properties in Lackawanna, NY. Commercial property asks $100/SF to buy and $38.69/SF/Yr to lease.
Market Trends
Lackawanna, NY spans 8.1 square miles in Erie County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Lackawanna, NY asks $18.57/SF/Yr to lease and $117/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail space in Lackawanna, NY asks $73/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 Lackawanna, 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 Lackawanna, NY asks $103/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
- Industrial 40.1%
- Commercial 21.9%
- Residential 17.3%
- Open space 16.4%
- Mixed use 1.3%
Largest Zones share of zoned land by district
Mixed Residential
Open Space
Single Family Residential
Heavy Industrial
Industrial
Lackawanna, NY zones 4,305 acres across 14 districts. Commercial zoning covers 21.9% of zoned land, residential 17.3%, open space 16.4% and industrial 40.1%. The largest single district is Mixed Residential at 17.3%. For commercial buyers the practical constraint is that only 62% of land carries a commercial or industrial designation.
Mixed Residential (MR)
Mixed Residential - MR. A. Purpose. Mixed Residential Districts have been designated in the City of Lackawanna to acknowledge the diversity of housing types currently available in the City's residential neighborhoods. The district is designed to allow a variety of housing styles and flexibility in building placement while protecting the appearance and charac…
Market overview
Demographics & Economy
Lackawanna, NY has 20,878 residents in 9,478 households. Density runs 2,577 people per square mile. Median household income here is $50,484 and median gross rent $829 a month.
20,878
Population
9,478
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
2,577
Density / Sq Mi
$50,484
Median Household Income
$36,457
Median Earnings
$829
Median Rent
$135,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Orchard Park | $100 (county avg) | $20.79 |
| Buffalo | $100 (county avg) | $38.69 |
| Hamburg | $100 (county avg) | $10.17 |
| Cheektowaga | $100 (county avg) | $17.72 |
Commercial property in Lackawanna, NY asks $100/SF. The 4 bordering markets run from $100/SF in Orchard Park to $100/SF in Orchard Park, and the city sits in line with their $100/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lackawanna?
Commercial property in Lackawanna, NY asks an average of $100 per square foot. The 6 most recent recorded sales traded at a median of $94/SF, so asking sits 7% above the achieved median. Office carries the highest asking price at $117/SF.
How much does it cost to lease commercial space in Lackawanna?
Asking lease rates in Lackawanna, NY average $38.69 per square foot per year. Office asks $18.57/SF/Yr as of Q2 26, up from $15.91/SF/Yr in Q1 26.
How does Lackawanna compare to nearby markets on price?
Lackawanna, NY asks $100/SF against $100/SF in Orchard Park, $100/SF in Buffalo, $100/SF in Hamburg and $100/SF in Cheektowaga.
What zoning applies to commercial property in Lackawanna?
Lackawanna, NY zones 4,305 acres across 14 districts, of which 21.9% is commercial and 40.1% industrial. The largest single district is Mixed Residential at 17.3% of zoned land. Mixed Residential - MR. A. Purpose. Mixed Residential Districts have been designated in the City of Lackawanna to acknowledge the diversity of housing types currently available in the City's residential neighborhoods. The district is designed to allow a variety of housing styles and flexibility in building placement while protecting the appearance and charac… Residential zoning covers 17.3% and open space 16.4%.
Where does Realmo's Lackawanna market data come from?
Realmo compiles Lackawanna, NY figures from 8 recent recorded sales, 1,395 active sale listings, 348 active lease listings, 13,922 tracked off-market properties, the current Lackawanna zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1,395 active for-sale and 348 active for-lease listings in Lackawanna, 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: 4,305 zoned acres across 14 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 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
