Commercial Real Estate Market in Melrose, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 27 off-market properties in Melrose, NY.
Market Trends
Melrose, NY spans 19.3 square miles in Rensselaer County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Melrose, 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 Melrose, NY asks $114/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 Melrose, 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 Melrose, NY asks $135/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
Melrose, NY has 1,767 residents in 798 households. Density runs 92 people per square mile. Median household income here is $120,625.
1,767
Population
798
Households
2.2
Avg Household Size
47
Median Age
22%
College-Educated
99%
High-School Grad
19.3 sq mi
ZIP Area
92
Density / Sq Mi
$120,625
Median Household Income
$41,130
Median Earnings
$0
Median Rent
$260,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Valley Falls | — | — |
| Hoosick Junction | — | — |
| Waterford | — | — |
| Easton | — | — |
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Melrose, 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 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 31 August 2026 · report a data issue
