Commercial Real Estate Market in New City, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
53 active listings and 397 off-market properties in New City, NY. Commercial property asks $156/SF to buy and $26.95/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 August 2026.
Office
Office vacancy in New City, 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 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%.
Vacancy Rate % in Northeast region
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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in New City, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
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.
32,499
Population
9,892
Households
3.3
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,108
Density / Sq Mi
$179,060
Median Household Income
$70,565
Median Earnings
$2,256
Median Rent
$629,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Congers | — | — |
| Valley Cottage | — | — |
| Mount Ivy | — | — |
| West Nyack | — | — |
Commercial property in New City, NY asks $156/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New City?
Commercial property in New City, NY asks an average of $156 per square foot. The 4 most recent recorded sales traded at a median of $571/SF.
How much does it cost to lease commercial space in New City?
Asking lease rates in New City, NY average $26.95 per square foot per year.
Where does Realmo's New City market data come from?
Realmo compiles New City, NY figures from 4 recent recorded sales, 18 active sale listings, 35 active lease listings, 397 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 18 active for-sale and 35 active for-lease listings in New City, 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
