Commercial Real Estate Market in Penn Yan, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 511 off-market properties in Penn Yan, NY. Commercial property asks $378/SF to buy and $102.82/SF/Yr to lease.
Market Trends
Penn Yan, NY spans 134.9 square miles in Yates County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Penn Yan, 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 Penn Yan, 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 Penn Yan, 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 Penn Yan, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Penn Yan, NY has 12,716 residents in 6,252 households. Density runs 94 people per square mile. Median household income here is $65,212 and median gross rent $758 a month.
12,716
Population
6,252
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
84%
High-School Grad
134.9 sq mi
ZIP Area
94
Density / Sq Mi
$65,212
Median Household Income
$38,818
Median Earnings
$758
Median Rent
$199,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bluff Point | — | — |
| Dresden | — | — |
| Bellona | — | — |
| Himrod | — | — |
Commercial property in Penn Yan, NY asks $378/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Penn Yan?
Commercial property in Penn Yan, NY asks an average of $378 per square foot. The 4 most recent recorded sales traded at a median of $135/SF, so asking sits 181% above the achieved median.
How much does it cost to lease commercial space in Penn Yan?
Asking lease rates in Penn Yan, NY average $102.82 per square foot per year.
Where does Realmo's Penn Yan market data come from?
Realmo compiles Penn Yan, NY figures from 4 recent recorded sales, 16 active sale listings, 3 active lease listings, 511 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 16 active for-sale and 3 active for-lease listings in Penn Yan, 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
