Commercial Real Estate Market in Preston Hollow, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 17 off-market properties in Preston Hollow, NY.
Market Trends
Preston Hollow, NY spans 33.0 square miles in Albany County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Preston Hollow, NY asks $149/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 Preston Hollow, NY asks $128/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 Preston Hollow, 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 Preston Hollow, NY asks $121/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
Market overview
Demographics & Economy
Preston Hollow, NY has 697 residents in 720 households. Density runs 21 people per square mile. Median household income here is $89,844.
697
Population
720
Households
1
Avg Household Size
53
Median Age
34%
College-Educated
87%
High-School Grad
33 sq mi
ZIP Area
21
Density / Sq Mi
$89,844
Median Household Income
$48,239
Median Earnings
$0
Median Rent
$221,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Medusa | $127 (county avg) | — |
| Rensselaerville | $127 (county avg) | — |
Commercial property in Preston Hollow, NY asks $127/SF. The 2 bordering markets run from $127/SF in Medusa to $127/SF in Medusa, and the city sits in line with their $127/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Preston Hollow?
Commercial property in Preston Hollow, NY asks an average of $127 per square foot. Office carries the highest asking price at $149/SF.
How does Preston Hollow compare to nearby markets on price?
Preston Hollow, NY asks $127/SF against $127/SF in Medusa and $127/SF in Rensselaerville.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Preston Hollow, 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.
- 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
