Commercial Real Estate Market in Lake Placid, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
44 active listings and 322 off-market properties in Lake Placid, NY. Commercial property asks $347/SF to buy and $28.49/SF/Yr to lease.
Market Trends
Lake Placid, NY spans 137.2 square miles in Essex County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lake Placid, 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 Lake Placid, NY asks $126/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 Lake Placid, 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 Lake Placid, NY asks $157/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
Lake Placid, NY has 5,217 residents in 3,923 households. Density runs 38 people per square mile. Median household income here is $78,261 and median gross rent $982 a month.
5,217
Population
3,923
Households
1.3
Avg Household Size
46
Median Age
46%
College-Educated
94%
High-School Grad
137.2 sq mi
ZIP Area
38
Density / Sq Mi
$78,261
Median Household Income
$38,845
Median Earnings
$982
Median Rent
$443,800
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Placid?
Commercial property in Lake Placid, NY asks an average of $347 per square foot. The 5 most recent recorded sales traded at a median of $122/SF, so asking sits 185% above the achieved median. Multifamily carries the highest asking price at $157/SF.
How much does it cost to lease commercial space in Lake Placid?
Asking lease rates in Lake Placid, NY average $28.49 per square foot per year.
Where does Realmo's Lake Placid market data come from?
Realmo compiles Lake Placid, NY figures from 6 recent recorded sales, 40 active sale listings, 4 active lease listings, 322 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 40 active for-sale and 4 active for-lease listings in Lake Placid, 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, 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 30 September 2026 · report a data issue
