Commercial Real Estate Market in Oyster Bay, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
57 active listings and 516 off-market properties in Oyster Bay, NY. Commercial property asks $410/SF to buy and $41.31/SF/Yr to lease.
Market Trends
Oyster Bay, NY spans 10.8 square miles in Nassau County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Oyster Bay, 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 Oyster Bay, 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 Oyster Bay, 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 Oyster Bay, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Oyster Bay, NY has 10,322 residents in 4,048 households. Density runs 952 people per square mile. Median household income here is $163,134 and median gross rent $1,961 a month.
10,322
Population
4,048
Households
2.5
Avg Household Size
45
Median Age
58%
College-Educated
95%
High-School Grad
10.8 sq mi
ZIP Area
952
Density / Sq Mi
$163,134
Median Household Income
$78,782
Median Earnings
$1,961
Median Rent
$921,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $41.31/SF/Yr lease vs $410/SF buy → buying wins if held > 1.4 years.
At a 10.1% 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 |
|---|---|---|
| Matinecock | — | — |
| Muttontown | — | $41.31 |
| Syosset | — | $26.02 |
Commercial property in Oyster Bay, NY asks $410/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oyster Bay?
Commercial property in Oyster Bay, NY asks an average of $410 per square foot. The 7 most recent recorded sales traded at a median of $703/SF.
How much does it cost to lease commercial space in Oyster Bay?
Asking lease rates in Oyster Bay, NY average $41.31 per square foot per year.
Is it cheaper to lease or buy commercial space in Oyster Bay?
Buying beats leasing in Oyster Bay, NY if the property is held longer than 1.4 years, comparing $41.31/SF/Yr asking rent with $410/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.
Where does Realmo's Oyster Bay market data come from?
Realmo compiles Oyster Bay, NY figures from 7 recent recorded sales, 22 active sale listings, 35 active lease listings, 516 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 22 active for-sale and 35 active for-lease listings in Oyster Bay, 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
