Commercial Real Estate Market in Palmer, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
30 active listings and 196 off-market properties in Palmer, NY. Commercial property asks $29/SF to buy and $11.00/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Palmer, NY asks $250/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Palmer, NY asks $154/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 Palmer, 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 Palmer, NY asks $184/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 |
|---|---|---|
| Lake Luzerne | — | — |
| Hadley | — | — |
| Porter Corners | — | — |
| Greenfield | — | — |
Commercial property in Palmer, NY asks $29/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palmer?
Commercial property in Palmer, NY asks an average of $29 per square foot. The 4 most recent recorded sales traded at a median of $87/SF. Office carries the highest asking price at $250/SF.
How much does it cost to lease commercial space in Palmer?
Asking lease rates in Palmer, NY average $11.00 per square foot per year.
Where does Realmo's Palmer market data come from?
Realmo compiles Palmer, NY figures from 6 recent recorded sales, 29 active sale listings, 1 active lease listings, 196 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 29 active for-sale and 1 active for-lease listings in Palmer, 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
