Commercial Real Estate Market in New City, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
49 active listings and 397 off-market properties in New City, NY. Commercial property asks $228/SF to buy (based on 3 listings) and $27.00/SF/Yr to lease.
Market Trends
New City, NY spans 15.4 square miles in Rockland County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in New City, NY has a median asking sale price of $228/SF (based on 3 listings). Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Typical asking range for active listings in New City, NY (the middle half): Lease $25.00–$27.00/SF/Yr (median $27.00/SF/Yr, 21 listings).
Retail
Retail vacancy in New City, NY 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 New City, 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%.
Multifamily
Multifamily vacancy in New City, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Market overview
Demographics & Economy
New City, NY has 32,499 residents in 9,892 households. Density runs 2,108 people per square mile. Median household income here is $179,060 and median gross rent $2,256 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Nanuet | $305 | $24.00 |
| Chestnut Ridge | $478 | $35.00 |
Commercial property in New City, NY asks $228/SF. The 2 bordering markets run from $305/SF in Nanuet to $478/SF in Chestnut Ridge, and the city sits below their $391/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in New City?
How much does it cost to lease commercial space in New City?
How does New City compare to nearby markets on price?
Where does Realmo's New City market data come from?
Methodology & data sources
- Asking prices and medians
- There are 8 active for-sale and 41 active for-lease listings in New City, NY. The medians are based on 3 of the for-sale and 26 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
