Commercial Real Estate Market in Penn Yan, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
16 active listings and 511 off-market properties in Penn Yan, NY. Commercial property asks $216/SF to buy (based on 5 listings) and $24.00/SF/Yr to lease (based on 3 listings).
Market Trends
Penn Yan, NY spans 134.9 square miles in Yates County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Penn Yan, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
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%.
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%.
Multifamily
Multifamily vacancy in Penn Yan, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Penn Yan?
How much does it cost to lease commercial space in Penn Yan?
Where does Realmo's Penn Yan market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 5 active for-lease listings in Penn Yan, NY. The medians are based on 5 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.
- 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
