Commercial Real Estate Market in Norwich, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
45 active listings and 574 off-market properties in Norwich, NY. Commercial property asks $3/SF to buy and $8.31/SF/Yr to lease.
Market Trends
Norwich, NY spans 108.2 square miles in Chenango County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Norwich, 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 Norwich, 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 Norwich, 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 Norwich, NY asks $133/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 76.3%
- Industrial 8.4%
- Civic 6.6%
- Commercial 4.9%
- Open space 2.2%
- Planned_development 1.7%
Largest Zones share of zoned land by district
Residential Districts
Residential Districts
Industrial Districts
General Business Districts
Residential Districts
Norwich, NY zones 1,316 acres across 9 districts. Commercial zoning covers 4.9% of zoned land, residential 76.3%, open space 2.2% and industrial 8.4%. The largest single district is Residential Districts at 41.9%. For commercial buyers the practical constraint is that only 13.2% of land carries a commercial or industrial designation.
General Business Districts (B-1)
Interpretation of district boundaries. § 575-8 Transition zoning. § 575-9 R-1 Residential Districts. § 575-10 R-1A Residential Districts. § 575-11 R-2 Residential Districts. § 575-12 R-3 Residential Districts. § 575-13 B-1 General Business Districts. § 575-14 B-2 Highway Business Districts. § 575-15 RR Railroad District. § 575-16 IN Industrial District. § 57…
Market overview
Demographics & Economy
Norwich, NY has 13,063 residents in 6,445 households. Density runs 121 people per square mile. Median household income here is $59,757 and median gross rent $835 a month.
13,063
Population
6,445
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
90%
High-School Grad
108.2 sq mi
ZIP Area
121
Density / Sq Mi
$59,757
Median Household Income
$39,776
Median Earnings
$835
Median Rent
$127,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Norwich?
Commercial property in Norwich, NY asks an average of $3 per square foot. The 7 most recent recorded sales traded at a median of $32/SF. Multifamily carries the highest asking price at $133/SF.
How much does it cost to lease commercial space in Norwich?
Asking lease rates in Norwich, NY average $8.31 per square foot per year.
What zoning applies to commercial property in Norwich?
Norwich, NY zones 1,316 acres across 9 districts, of which 4.9% is commercial and 8.4% industrial. The largest single district is Residential Districts at 41.9% of zoned land. Residential zoning covers 76.3% and open space 2.2%.
Where does Realmo's Norwich market data come from?
Realmo compiles Norwich, NY figures from 8 recent recorded sales, 42 active sale listings, 3 active lease listings, 574 tracked off-market properties, the current Norwich zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 42 active for-sale and 3 active for-lease listings in Norwich, 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.
- Zoning and land use
- The current municipal zoning release: 1,316 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
