Commercial Real Estate Market in Niagara Falls, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
315 active listings and 3,635 off-market properties in Niagara Falls, NY. Commercial property asks $86/SF to buy and $10.33/SF/Yr to lease.
Market Trends
Niagara Falls, NY spans 34.2 square miles in Niagara County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Niagara Falls, NY asks $93/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 Niagara Falls, NY asks $29/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 Niagara Falls, 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 Niagara Falls, NY asks $68/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
Niagara Falls, NY has 64,031 residents in 32,973 households. Density runs 1,874 people per square mile. Median household income here is $53,715 and median gross rent $834 a month.
64,031
Population
32,973
Households
1.9
Avg Household Size
41
Median Age
23%
College-Educated
90%
High-School Grad
34.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$53,715
Median Household Income
$36,792
Median Earnings
$834
Median Rent
$119,528
Median Home Value
Tools
Lease vs Buy Breakeven
At $10.33/SF/Yr lease vs $86/SF buy → buying wins if held > 1 years.
At a 12% 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 |
|---|---|---|
| Grand Island | $100 (county avg) | — |
| Tonawanda | $100 (county avg) | $13.41 |
| Buffalo | $100 (county avg) | $38.48 |
Commercial property in Niagara Falls, NY asks $86/SF. The 3 bordering markets run from $100/SF in Grand Island to $100/SF in Grand Island, and the city sits below their $100/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Niagara Falls?
Commercial property in Niagara Falls, NY asks an average of $86 per square foot. The 3 most recent recorded sales traded at a median of $86/SF, so asking sits 1% above the achieved median. Office carries the highest asking price at $93/SF.
How much does it cost to lease commercial space in Niagara Falls?
Asking lease rates in Niagara Falls, NY average $10.33 per square foot per year.
Is it cheaper to lease or buy commercial space in Niagara Falls?
Buying beats leasing in Niagara Falls, NY if the property is held longer than 1.0 years, comparing $10.33/SF/Yr asking rent with $86/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 Niagara Falls compare to nearby markets on price?
Niagara Falls, NY asks $86/SF against $100/SF in Grand Island, $100/SF in Tonawanda and $100/SF in Buffalo.
Where does Realmo's Niagara Falls market data come from?
Realmo compiles Niagara Falls, NY figures from 4 recent recorded sales, 254 active sale listings, 61 active lease listings, 3,635 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 254 active for-sale and 61 active for-lease listings in Niagara Falls, 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 · report a data issue
