Commercial Real Estate Market in North Greenbush, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 103 off-market properties in North Greenbush, NY. Commercial property asks $345/SF to buy and $25.00/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Greenbush, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in North Greenbush, NY asks $114/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 North Greenbush, 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 North Greenbush, NY asks $135/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
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Albany | $127 (county avg) | $14.25 |
| Watervliet | $127 (county avg) | $7.60 |
| Newtonville | $127 (county avg) | $17.73 |
| Bethlehem Center | $127 (county avg) | — |
Commercial property in North Greenbush, NY asks $345/SF. The 4 bordering markets run from $127/SF in Albany to $127/SF in Albany, and the city sits above their $127/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Greenbush?
Commercial property in North Greenbush, NY asks an average of $345 per square foot. Multifamily carries the highest asking price at $135/SF.
How much does it cost to lease commercial space in North Greenbush?
Asking lease rates in North Greenbush, NY average $25.00 per square foot per year.
How does North Greenbush compare to nearby markets on price?
North Greenbush, NY asks $345/SF against $127/SF in Albany, $127/SF in Watervliet, $127/SF in Newtonville and $127/SF in Bethlehem Center. Albany is the cheapest entry point at 63% below North Greenbush pricing, with $14.25/SF/Yr asking rents.
Where does Realmo's North Greenbush market data come from?
Realmo compiles North Greenbush, NY figures from 2 recent recorded sales, 9 active sale listings, 1 active lease listings, 103 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 9 active for-sale and 1 active for-lease listings in North Greenbush, 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
