Commercial Real Estate Market in Penfield, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 207 off-market properties in Penfield, NY. Commercial property asks $66/SF to buy and $19.00/SF/Yr to lease.
Market Trends
Penfield, NY spans 16.4 square miles in Monroe County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Penfield, NY asks $123/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 Penfield, NY asks $102/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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Penfield, NY asks $65/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
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
Rural Residential
Conservation Residential
Mixed Use District
Lasalles Landing Development
Rural Agricultural (RA-2)
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.
20,932
Population
8,231
Households
2.5
Avg Household Size
44
Median Age
62%
College-Educated
97%
High-School Grad
16.4 sq mi
ZIP Area
1,278
Density / Sq Mi
$110,566
Median Household Income
$62,334
Median Earnings
$1,168
Median Rent
$256,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Rochester | $66 (county avg) | — |
| Fairport | $66 (county avg) | $13.55 |
| Webster | $66 (county avg) | — |
| Pittsford | $66 (county avg) | $18.65 |
Commercial property in Penfield, NY asks $66/SF. The 4 bordering markets run from $66/SF in East Rochester to $66/SF in East Rochester, and the city sits in line with their $66/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Penfield?
Commercial property in Penfield, NY asks an average of $66 per square foot. The 6 most recent recorded sales traded at a median of $213/SF. Office carries the highest asking price at $123/SF.
How much does it cost to lease commercial space in Penfield?
Asking lease rates in Penfield, NY average $19.00 per square foot per year.
How does Penfield compare to nearby markets on price?
Penfield, NY asks $66/SF against $66/SF in East Rochester, $66/SF in Fairport, $66/SF in Webster and $66/SF in Pittsford.
Where does Realmo's Penfield market data come from?
Realmo compiles Penfield, NY figures from 8 recent recorded sales, 18 active sale listings, 9 active lease listings, 207 tracked off-market properties, the current Penfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 9 active for-lease listings in Penfield, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 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
