Commercial Real Estate Market in Lee, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
120 active listings and 1,303 off-market properties in Lee, NY. Commercial property asks $43/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lee, 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 Lee, NY asks $69/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 Lee, 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 Lee, 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
Frequently Asked Questions
What is the average price per square foot for commercial property in Lee?
Commercial property in Lee, NY asks an average of $43 per square foot. The 6 most recent recorded sales traded at a median of $100/SF. Multifamily carries the highest asking price at $76/SF.
How much does it cost to lease commercial space in Lee?
Asking lease rates in Lee, NY average $12.00 per square foot per year.
Where does Realmo's Lee market data come from?
Realmo compiles Lee, NY figures from 8 recent recorded sales, 107 active sale listings, 13 active lease listings, 1,303 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 107 active for-sale and 13 active for-lease listings in Lee, 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 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
