Commercial Real Estate Market in North Salem, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 68 off-market properties in North Salem, NY. Commercial property asks $1,066/SF to buy and $26.25/SF/Yr to lease.
Market Trends
North Salem, NY spans 20.9 square miles in Westchester County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Salem, 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 Salem, 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 Salem, 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 Salem, 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 Salem, NY has 4,854 residents in 1,851 households. Density runs 232 people per square mile. Median household income here is $180,455 and median gross rent $2,240 a month.
4,854
Population
1,851
Households
2.6
Avg Household Size
48
Median Age
65%
College-Educated
98%
High-School Grad
20.9 sq mi
ZIP Area
232
Density / Sq Mi
$180,455
Median Household Income
$81,117
Median Earnings
$2,240
Median Rent
$656,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Waccabuc | — | — |
| Croton Falls | — | — |
| Cross River | — | — |
| Goldens Bridge | — | — |
Commercial property in North Salem, NY asks $1,066/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Salem?
Commercial property in North Salem, NY asks an average of $1,066 per square foot.
How much does it cost to lease commercial space in North Salem?
Asking lease rates in North Salem, NY average $26.25 per square foot per year.
Where does Realmo's North Salem market data come from?
Realmo compiles North Salem, NY figures from 4 recent recorded sales, 8 active sale listings, 3 active lease listings, 68 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 8 active for-sale and 3 active for-lease listings in North Salem, 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
