Commercial Real Estate Market in North Hills, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
17 active listings and 285 off-market properties in North Hills, NY. Commercial property asks $122/SF to buy and $35.00/SF/Yr to lease.
Market Trends
North Hills, NY spans 4.8 square miles in Nassau County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in North Hills, 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 North Hills, 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 North Hills, 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 North Hills, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
North Hills, NY has 43,075 residents in 14,608 households. Density runs 8,957 people per square mile. Median household income here is $153,511 and median gross rent $2,388 a month.
43,075
Population
14,608
Households
2.9
Avg Household Size
45
Median Age
56%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
8,957
Density / Sq Mi
$153,511
Median Household Income
$70,649
Median Earnings
$2,388
Median Rent
$795,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Port Washington | — | $28.26 |
| Great Neck | — | $43.35 |
Commercial property in North Hills, NY asks $122/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Hills?
Commercial property in North Hills, NY asks an average of $122 per square foot. The 4 most recent recorded sales traded at a median of $2,843/SF.
How much does it cost to lease commercial space in North Hills?
Asking lease rates in North Hills, NY average $35.00 per square foot per year.
Where does Realmo's North Hills market data come from?
Realmo compiles North Hills, NY figures from 5 recent recorded sales, 6 active sale listings, 11 active lease listings, 285 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 6 active for-sale and 11 active for-lease listings in North Hills, 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
