Commercial Real Estate Market in Pelham, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
80 active listings and 1,171 off-market properties in Pelham, NY. Commercial property asks $498/SF to buy and $40.00/SF/Yr to lease.
Market Trends
Pelham, NY spans 2.2 square miles in Westchester County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Pelham, 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 Pelham, 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 Pelham, 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 Pelham, 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 90.4%
- Commercial 4.9%
- Industrial 2.5%
Largest Zones share of zoned land by district
Detached Single Family
Detached Single Family
Detached Single Family
Detached Single And Two Family
Restricted Retail
Pelham, NY zones 531 acres across 12 districts. Commercial zoning covers 4.9% of zoned land, residential 90.4% and industrial 2.5%. The largest single district is Detached Single Family at 35%. For commercial buyers the practical constraint is that only 7.4% of land carries a commercial or industrial designation.
Detached Single Family (RES/A-1)
The purpose of this district is for single family detached dwelling
Market overview
Demographics & Economy
Pelham, NY has 13,255 residents in 4,360 households. Density runs 5,991 people per square mile. Median household income here is $212,288 and median gross rent $2,242 a month.
13,255
Population
4,360
Households
3
Avg Household Size
40
Median Age
74%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,991
Density / Sq Mi
$212,288
Median Household Income
$97,447
Median Earnings
$2,242
Median Rent
$961,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Rochelle | — | — |
| Mount Vernon | — | — |
| Larchmont | — | — |
| Yonkers | — | $34.19 |
Commercial property in Pelham, NY asks $498/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pelham?
Commercial property in Pelham, NY asks an average of $498 per square foot.
How much does it cost to lease commercial space in Pelham?
Asking lease rates in Pelham, NY average $40.00 per square foot per year.
What zoning applies to commercial property in Pelham?
Pelham, NY zones 531 acres across 12 districts, of which 4.9% is commercial and 2.5% industrial. The largest single district is Detached Single Family at 35% of zoned land. The purpose of this district is for single family detached dwelling Residential zoning covers 90.4% and open space 0%.
Where does Realmo's Pelham market data come from?
Realmo compiles Pelham, NY figures from 5 recent recorded sales, 53 active sale listings, 27 active lease listings, 1,171 tracked off-market properties, the current Pelham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 53 active for-sale and 27 active for-lease listings in Pelham, 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: 531 zoned acres across 12 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
