Commercial Real Estate Market in N Syracuse, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
594 active listings and 6,426 off-market properties in N Syracuse, NY. Commercial property asks $87/SF to buy and $11.77/SF/Yr to lease.
Market Trends
N Syracuse, NY spans 11.1 square miles in Onondaga County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in N Syracuse, NY asks $127/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 N Syracuse, NY asks $68/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 N Syracuse, 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 N Syracuse, NY asks $79/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
N Syracuse, NY has 20,220 residents in 9,213 households. Density runs 1,821 people per square mile. Median household income here is $74,931 and median gross rent $1,027 a month.
20,220
Population
9,213
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
93%
High-School Grad
11.1 sq mi
ZIP Area
1,821
Density / Sq Mi
$74,931
Median Household Income
$45,740
Median Earnings
$1,027
Median Rent
$157,400
Median Home Value
Tools
Lease vs Buy Breakeven
At $11.77/SF/Yr lease vs $87/SF buy → buying wins if held > 0.8 years.
At a 13.6% 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 |
|---|---|---|
| Cicero | — | $23.95 |
| Liverpool | — | $14.59 |
| Clay | — | $17.45 |
Commercial property in N Syracuse, NY asks $87/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in N Syracuse?
Commercial property in N Syracuse, NY asks an average of $87 per square foot. The 6 most recent recorded sales traded at a median of $96/SF. Office carries the highest asking price at $127/SF.
How much does it cost to lease commercial space in N Syracuse?
Asking lease rates in N Syracuse, NY average $11.77 per square foot per year.
Is it cheaper to lease or buy commercial space in N Syracuse?
Buying beats leasing in N Syracuse, NY if the property is held longer than 0.8 years, comparing $11.77/SF/Yr asking rent with $87/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.
Where does Realmo's N Syracuse market data come from?
Realmo compiles N Syracuse, NY figures from 8 recent recorded sales, 461 active sale listings, 133 active lease listings, 6,426 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 461 active for-sale and 133 active for-lease listings in N Syracuse, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
