Commercial Real Estate Market in Newtonville, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
112 active listings and 800 off-market properties in Newtonville, NY. Commercial property asks $127/SF to buy and $17.73/SF/Yr to lease.
Market Trends
Newtonville, NY spans 14.3 square miles in Albany County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Newtonville, NY asks $149/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 Newtonville, NY asks $128/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 Newtonville, 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 Newtonville, NY asks $121/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
Newtonville, NY has 19,682 residents in 8,269 households. Density runs 1,372 people per square mile. Median household income here is $101,839 and median gross rent $1,431 a month.
19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,372
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.73/SF/Yr lease vs $127/SF buy → buying wins if held > 0.8 years.
The comparison uses county-wide sale comps against Newtonville asking rents, so the implied 13.9% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. 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 |
|---|---|---|
| Watervliet | $127 (county avg) | $7.60 |
| Dunsbach Ferry | $127 (county avg) | $7.44 |
| Albany | $127 (county avg) | $14.25 |
| Guilderland | $127 (county avg) | $14.50 |
Commercial property in Newtonville, NY asks $127/SF. The 4 bordering markets run from $127/SF in Watervliet to $127/SF in Watervliet, and the city sits in line with their $127/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newtonville?
Commercial property in Newtonville, NY asks an average of $127 per square foot. The 4 most recent recorded sales traded at a median of $131/SF. Office carries the highest asking price at $149/SF.
How much does it cost to lease commercial space in Newtonville?
Asking lease rates in Newtonville, NY average $17.73 per square foot per year.
Is it cheaper to lease or buy commercial space in Newtonville?
Buying beats leasing in Newtonville, NY if the property is held longer than 0.8 years, comparing $17.73/SF/Yr asking rent with $127/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.
How does Newtonville compare to nearby markets on price?
Newtonville, NY asks $127/SF against $127/SF in Watervliet, $127/SF in Dunsbach Ferry, $127/SF in Albany and $127/SF in Guilderland.
Where does Realmo's Newtonville market data come from?
Realmo compiles Newtonville, NY figures from 4 recent recorded sales, 35 active sale listings, 77 active lease listings, 800 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 35 active for-sale and 77 active for-lease listings in Newtonville, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
