Commercial Real Estate Market in Penfield, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
15 active listings and 207 off-market properties in Penfield, NY. Commercial property asks $200/SF to buy (based on 3 listings) and $24.00/SF/Yr to lease (based on 3 listings).
Market Trends
Penfield, NY spans 16.4 square miles in Monroe County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Monroe County, office space asks $102/SF to buy. Office vacancy in Penfield, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Monroe County, retail space asks $80/SF to buy. Retail vacancy in Penfield, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Penfield, 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%.
Multifamily
Across Monroe County, multifamily space asks $67/SF to buy. Multifamily vacancy in Penfield, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 60.8%
- Residential 32.3%
- Mixed use 2.8%
- Planned_development 1.1%
- Industrial 0.5%
- Commercial 0.3%
Largest Zones share of zoned land by district
Rural Agricultural District RA-2. (2) Conservation Residential District CR-2. (3) Rural Residential District RR-1. (4) Residential District R-1-20. (5) Residential District R-1-15. (6) Residential District R-1-12. B. Purposes. The above districts are established to meet the following purposes: (1) Rural Agricultural District RA-2. The purpose of the Rural Ag…
Market overview
Demographics & Economy
Penfield, NY has 20,932 residents in 8,231 households. Density runs 1,278 people per square mile. Median household income here is $110,566 and median gross rent $1,168 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Fairport | $231 | $15.50 |
| Webster | $126 | — |
| Pittsford | $188 | $18.63 |
Commercial property in Penfield, NY asks $200/SF. The 3 bordering markets run from $126/SF in Webster to $231/SF in Fairport, and the city sits above their $188/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Penfield?
How much does it cost to lease commercial space in Penfield?
How does Penfield compare to nearby markets on price?
Where does Realmo's Penfield market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 6 active for-lease listings in Penfield, NY. The medians are based on 3 of the for-sale and 3 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 27,295 zoned acres across 17 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
