Commercial Real Estate Market in Lafayette, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 85 off-market properties in Lafayette, NY.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lafayette, 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 Lafayette, 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 Lafayette, 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 Lafayette, NY asks $76/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
- Residential 82.7%
- Industrial 1.2%
- Planned_development 0.9%
- Commercial 0.2%
- Agricultural 0.1%
Largest Zones share of zoned land by district
Residential Planned Cluster District
Residential Multifamily District
Hamlet District
Single Family Residential District
Industrial District
Lafayette, NY zones 1,924 acres across 9 districts. Commercial zoning covers 0.2% of zoned land, residential 82.7% and industrial 1.2%. The largest single district is Residential Planned Cluster District at 50.2%. For commercial buyers the practical constraint is that only 1.3% of land carries a commercial or industrial designation.
Residential Planned Cluster District (RPC)
RPC Residential Planned Cluster District. A. Purpose. The purpose of the Residential Planned Cluster District is to allow for the development of well-planned residential neighborhoods which utilize the natural beauty of the existing topography and watercourses in order to protect the community's unique and significant natural resources. B. Permitted principa…
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sentinel Heights | — | — |
| Indian Village | — | — |
| South Onondaga | — | — |
| Pompey | — | — |
Commercial property in Lafayette, NY asks $86/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lafayette?
Commercial property in Lafayette, NY asks an average of $86 per square foot. The 3 most recent recorded sales traded at a median of $22/SF, so asking sits 284% above the achieved median. Multifamily carries the highest asking price at $76/SF.
What zoning applies to commercial property in Lafayette?
Lafayette, NY zones 1,924 acres across 9 districts, of which 0.2% is commercial and 1.2% industrial. The largest single district is Residential Planned Cluster District at 50.2% of zoned land. RPC Residential Planned Cluster District. A. Purpose. The purpose of the Residential Planned Cluster District is to allow for the development of well-planned residential neighborhoods which utilize the natural beauty of the existing topography and watercourses in order to protect the community's unique and significant natural resources. B. Permitted principa… Residential zoning covers 82.7% and open space 0%.
Where does Realmo's Lafayette market data come from?
Realmo compiles Lafayette, NY figures from 3 recent recorded sales, 3 active sale listings, 1 active lease listings, 85 tracked off-market properties, the current Lafayette zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 1 active for-lease listings in Lafayette, 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: 1,924 zoned acres across 9 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, 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
