Commercial Real Estate Market in Middletown, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
184 active listings and 1,598 off-market properties in Middletown, NY. Commercial property asks $323/SF to buy and $16.34/SF/Yr to lease.
Market Trends
Middletown, NY spans 95.2 square miles in Orange County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Middletown, 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 Middletown, 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 Middletown, 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 vacancy in Middletown, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 68.8%
- Industrial 13.3%
- Commercial 13.3%
- Mixed use 4.5%
Largest Zones share of zoned land by district
Single Family Residence
Suburban Residential Bonus Density
Heavy Industry
General Business
Two Family Owner Occupied
Middletown, NY zones 2,769 acres across 19 districts. Commercial zoning covers 13.3% of zoned land, residential 68.8% and industrial 13.3%. The largest single district is Single Family Residence at 44.3%. For commercial buyers the practical constraint is that only 26.6% of land carries a commercial or industrial designation.
Single Family Residence (R-1)
One-family dwellings (subject to requirements in R-1 Zone). This subsection shall not apply to any dwelling units included in a subdivision application submitted after the effective date of this amendment. [Amended 5-12-2003 ] (2) Municipal buildings or uses and public or private schools. (3) Retail stores, provided that: [Amended 7-19-2022 ] (a) All goods p…
Market overview
Demographics & Economy
Middletown, NY has 67,352 residents in 25,416 households. Density runs 708 people per square mile. Median household income here is $89,086 and median gross rent $1,609 a month.
67,352
Population
25,416
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
88%
High-School Grad
95.2 sq mi
ZIP Area
708
Density / Sq Mi
$89,086
Median Household Income
$46,841
Median Earnings
$1,609
Median Rent
$306,649
Median Home Value
Tools
Lease vs Buy Breakeven
At $16.34/SF/Yr lease vs $323/SF buy → buying wins if held > 9.6 years.
At a 5.1% gross asking yield the payback reads short relative to leasing. 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 |
|---|---|---|
| New Hampton | — | — |
| Howells | — | — |
| Slate Hill | — | — |
| Goshen | — | $17.60 |
Commercial property in Middletown, NY asks $323/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Middletown?
Commercial property in Middletown, NY asks an average of $323 per square foot. The 3 most recent recorded sales traded at a median of $216/SF, so asking sits 50% above the achieved median.
How much does it cost to lease commercial space in Middletown?
Asking lease rates in Middletown, NY average $16.34 per square foot per year.
Is it cheaper to lease or buy commercial space in Middletown?
Buying beats leasing in Middletown, NY if the property is held longer than 9.6 years, comparing $16.34/SF/Yr asking rent with $323/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.
What zoning applies to commercial property in Middletown?
Middletown, NY zones 2,769 acres across 19 districts, of which 13.3% is commercial and 13.3% industrial. The largest single district is Single Family Residence at 44.3% of zoned land. One-family dwellings (subject to requirements in R-1 Zone). This subsection shall not apply to any dwelling units included in a subdivision application submitted after the effective date of this amendment. [Amended 5-12-2003 ] (2) Municipal buildings or uses and public or private schools. (3) Retail stores, provided that: [Amended 7-19-2022 ] (a) All goods p… Residential zoning covers 68.8% and open space 0%.
Where does Realmo's Middletown market data come from?
Realmo compiles Middletown, NY figures from 6 recent recorded sales, 102 active sale listings, 82 active lease listings, 1,598 tracked off-market properties, the current Middletown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 102 active for-sale and 82 active for-lease listings in Middletown, 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.
- Zoning and land use
- The current municipal zoning release: 2,769 zoned acres across 19 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 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
