Commercial Real Estate Market in Lima, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 122 off-market properties in Lima, NY.
Market Trends
Lima, NY spans 33.7 square miles in Livingston County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lima, 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 Lima, 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 Lima, 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 Lima, 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
Market overview
Demographics & Economy
Lima, NY has 4,111 residents in 1,789 households. Density runs 122 people per square mile. Median household income here is $79,375 and median gross rent $809 a month.
4,111
Population
1,789
Households
2.3
Avg Household Size
44
Median Age
38%
College-Educated
93%
High-School Grad
33.7 sq mi
ZIP Area
122
Density / Sq Mi
$79,375
Median Household Income
$44,003
Median Earnings
$809
Median Rent
$198,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Honeoye Falls | $66 (county avg) | — |
| Industry | $66 (county avg) | — |
Commercial property in Lima, NY asks $488/SF. The 2 bordering markets run from $66/SF in Honeoye Falls to $66/SF in Honeoye Falls, and the city sits above their $66/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lima?
Commercial property in Lima, NY asks an average of $488 per square foot. The 4 most recent recorded sales traded at a median of $61/SF, so asking sits 698% above the achieved median. Multifamily carries the highest asking price at $76/SF.
How does Lima compare to nearby markets on price?
Lima, NY asks $488/SF against $66/SF in Honeoye Falls and $66/SF in Industry. Honeoye Falls is the cheapest entry point at 87% below Lima pricing.
Where does Realmo's Lima market data come from?
Realmo compiles Lima, NY figures from 7 recent recorded sales, 4 active sale listings, 2 active lease listings, 122 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 2 active for-lease listings in Lima, 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 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
