Commercial Real Estate Market in Lancaster, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
181 active listings and 2,033 off-market properties in Lancaster, NY. Commercial property asks $100/SF to buy and $17.72/SF/Yr to lease.
Market Trends
Lancaster, NY spans 33.3 square miles in Erie County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Lancaster, NY asks $117/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 Lancaster, 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 Lancaster, 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 Lancaster, 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 46.6%
- Residential 33%
- Commercial 20.4%
Largest Zones share of zoned land by district
Manufacturing Industrial Park
Residence
Residence
Manufacturing
Traditional Central Business District
Lancaster, NY zones 748 acres across 11 districts. Commercial zoning covers 20.4% of zoned land, residential 33% and industrial 46.6%. The largest single district is Manufacturing Industrial Park at 34%. For commercial buyers the practical constraint is that only 67% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lancaster, NY has 35,010 residents in 15,486 households. Density runs 1,050 people per square mile. Median household income here is $95,949 and median gross rent $983 a month.
35,010
Population
15,486
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
95%
High-School Grad
33.3 sq mi
ZIP Area
1,050
Density / Sq Mi
$95,949
Median Household Income
$53,164
Median Earnings
$983
Median Rent
$263,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cheektowaga | $100 (county avg) | $17.72 |
| Elma | $100 (county avg) | $12.06 |
| Townline | $100 (county avg) | — |
Commercial property in Lancaster, NY asks $100/SF. The 3 bordering markets run from $100/SF in Cheektowaga to $100/SF in Cheektowaga, 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 Lancaster?
Commercial property in Lancaster, NY asks an average of $100 per square foot. Office carries the highest asking price at $117/SF.
How much does it cost to lease commercial space in Lancaster?
Asking lease rates in Lancaster, NY average $17.72 per square foot per year.
How does Lancaster compare to nearby markets on price?
Lancaster, NY asks $100/SF against $100/SF in Cheektowaga, $100/SF in Elma and $100/SF in Townline.
What zoning applies to commercial property in Lancaster?
Lancaster, NY zones 748 acres across 11 districts, of which 20.4% is commercial and 46.6% industrial. The largest single district is Manufacturing Industrial Park at 34% of zoned land. Residential zoning covers 33% and open space 0%.
Where does Realmo's Lancaster market data come from?
Realmo compiles Lancaster, NY figures from 4 recent recorded sales, 107 active sale listings, 74 active lease listings, 2,033 tracked off-market properties, the current Lancaster zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 107 active for-sale and 74 active for-lease listings in Lancaster, 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: 748 zoned acres across 11 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
