Commercial Real Estate Market in Peekskill, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
37 active listings and 456 off-market properties in Peekskill, NY. Commercial property asks $191/SF to buy and $33.94/SF/Yr to lease.
Market Trends
Peekskill, NY spans 4.3 square miles in Westchester County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Peekskill, 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 Peekskill, 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 Peekskill, 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 Peekskill, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 76.7%
- Industrial 12%
- Commercial 11.3%
Largest Zones share of zoned land by district
One Family Residence
One Family Residence
Planned Residential Development
One Family Residence
Low Density Multiple Residence
Peekskill, NY zones 2,792 acres across 23 districts. Commercial zoning covers 11.3% of zoned land, residential 76.7% and industrial 12%. The largest single district is One Family Residence at 24.3%. For commercial buyers the practical constraint is that only 23.4% of land carries a commercial or industrial designation.
Planned Residential Development (PRD)
PRD Shopping Center District C-1 Shopping Center District - Limited C-1A Central Commercial District C-2 General Commercial District C-3 Neighborhood Commercial District C-4 Light Industrial District M-1 General Industrial District M-2 Design Industrial District M-2A Design Industrial District M-2B Industrial Park District M-3 Planned Commercial Development…
Market overview
Demographics & Economy
Peekskill, NY has 25,384 residents in 11,752 households. Density runs 5,846 people per square mile. Median household income here is $91,042 and median gross rent $1,895 a month.
25,384
Population
11,752
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
5,846
Density / Sq Mi
$91,042
Median Household Income
$49,844
Median Earnings
$1,895
Median Rent
$376,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Buchanan | — | — |
| Cortlandt Manor | — | — |
| Montrose | — | — |
| Crompond | — | — |
Commercial property in Peekskill, NY asks $191/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Peekskill?
Commercial property in Peekskill, NY asks an average of $191 per square foot.
How much does it cost to lease commercial space in Peekskill?
Asking lease rates in Peekskill, NY average $33.94 per square foot per year.
What zoning applies to commercial property in Peekskill?
Peekskill, NY zones 2,792 acres across 23 districts, of which 11.3% is commercial and 12% industrial. The largest single district is One Family Residence at 24.3% of zoned land. Residential zoning covers 76.7% and open space 0%.
Where does Realmo's Peekskill market data come from?
Realmo compiles Peekskill, NY figures from 5 recent recorded sales, 24 active sale listings, 13 active lease listings, 456 tracked off-market properties, the current Peekskill zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 13 active for-lease listings in Peekskill, 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: 2,792 zoned acres across 23 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 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
