Commercial Real Estate Market in New Rochelle, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
80 active listings and 1,171 off-market properties in New Rochelle, NY. Commercial property asks $500/SF to buy and $33.00/SF/Yr to lease.
Market Trends
New Rochelle, NY spans 9.4 square miles in Westchester County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Rochelle, 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 Rochelle, 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 Rochelle, 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 Rochelle, 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 Rochelle, NY has 75,883 residents in 30,970 households. Density runs 8,061 people per square mile. Median household income here is $111,112 and median gross rent $1,880 a month.
75,883
Population
30,970
Households
2.5
Avg Household Size
40
Median Age
48%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
8,061
Density / Sq Mi
$111,112
Median Household Income
$61,976
Median Earnings
$1,880
Median Rent
$566,776
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Larchmont | — | $42.74 |
| Mount Vernon | — | — |
| Mamaroneck | — | $29.67 |
| Yonkers | — | $32.33 |
Commercial property in New Rochelle, NY asks $500/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Rochelle?
Commercial property in New Rochelle, NY asks an average of $500 per square foot.
How much does it cost to lease commercial space in New Rochelle?
Asking lease rates in New Rochelle, NY average $33.00 per square foot per year.
Where does Realmo's New Rochelle market data come from?
Realmo compiles New Rochelle, NY figures from 5 recent recorded sales, 51 active sale listings, 29 active lease listings, 1,171 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 51 active for-sale and 29 active for-lease listings in New Rochelle, 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
