Commercial Real Estate Market in Morristown, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 33 off-market properties in Morristown, NY.
Market Trends
Morristown, NY spans 1.0 square miles in St. Lawrence County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Morristown, NY asks $96/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Morristown, NY asks $75/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 Morristown, 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 Morristown, NY asks $62/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
Morristown, NY has 398 residents in 267 households. Density runs 408 people per square mile. Median household income here is $75,909 and median gross rent $1,122 a month.
398
Population
267
Households
1.5
Avg Household Size
50
Median Age
16%
College-Educated
84%
High-School Grad
1 sq mi
ZIP Area
408
Density / Sq Mi
$75,909
Median Household Income
$35,529
Median Earnings
$1,122
Median Rent
$149,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brier Hill | — | — |
| Pope Mills | — | — |
| Chippewa Bay | — | — |
| Ruby Corner | — | — |
Commercial property in Morristown, NY asks $117/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morristown?
Commercial property in Morristown, NY asks an average of $117 per square foot. Office carries the highest asking price at $96/SF.
Where does Realmo's Morristown market data come from?
Realmo compiles Morristown, NY figures from 2 recent recorded sales, 2 active sale listings, 33 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 2 active for-sale and 0 active for-lease listings in Morristown, 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
