Commercial Real Estate Market in Menands, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
878 active listings and 4,623 off-market properties in Menands, NY. Commercial property asks $128/SF to buy and $14.43/SF/Yr to lease.
Market Trends
Menands, NY spans 4.1 square miles in Albany County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Menands, NY asks $14.54/SF/Yr to lease and $167/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail space in Menands, NY asks $14.33/SF/Yr to lease and $130/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%.
Industrial
Industrial vacancy in Menands, 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 Menands, NY asks $121/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
Menands, NY has 7,818 residents in 4,290 households. Density runs 1,889 people per square mile. Median household income here is $75,197 and median gross rent $1,294 a month.
7,818
Population
4,290
Households
1.8
Avg Household Size
37
Median Age
39%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
1,889
Density / Sq Mi
$75,197
Median Household Income
$48,911
Median Earnings
$1,294
Median Rent
$226,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.43/SF/Yr lease vs $128/SF buy → buying wins if held > 1.1 years.
The comparison uses county-wide sale comps against Menands asking rents, so the implied 11.3% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Newtonville | $128 (county avg) | $17.77 |
| Albany | $128 (county avg) | $14.43 |
| Watervliet | $128 (county avg) | $7.60 |
| Bethlehem Center | $128 (county avg) | — |
Commercial property in Menands, NY asks $128/SF. The 4 bordering markets run from $128/SF in Newtonville to $128/SF in Newtonville, and the city sits in line with their $128/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Menands?
Commercial property in Menands, NY asks an average of $128 per square foot. The 3 most recent recorded sales traded at a median of $245/SF. Office carries the highest asking price at $167/SF.
How much does it cost to lease commercial space in Menands?
Asking lease rates in Menands, NY average $14.43 per square foot per year. Office asks $14.54/SF/Yr as of Q2 26, up from $13.58/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Menands?
Buying beats leasing in Menands, NY if the property is held longer than 1.1 years, comparing $14.43/SF/Yr asking rent with $128/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Menands compare to nearby markets on price?
Menands, NY asks $128/SF against $128/SF in Newtonville, $128/SF in Albany, $128/SF in Watervliet and $128/SF in Bethlehem Center.
Where does Realmo's Menands market data come from?
Realmo compiles Menands, NY figures from 3 recent recorded sales, 541 active sale listings, 337 active lease listings, 4,623 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 541 active for-sale and 337 active for-lease listings in Menands, 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.
- 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
