Commercial Real Estate Market in Ravena, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
19 active listings and 145 off-market properties in Ravena, NY.
Market Trends
Ravena, NY spans 19.1 square miles in Albany County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Albany County, office space asks $122/SF to buy. Office vacancy in Ravena, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Albany County, retail space asks $127/SF to buy. Retail vacancy in Ravena, 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 Ravena, 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 Albany County, multifamily space asks $124/SF to buy. Multifamily vacancy in Ravena, 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
- Residential 51.8%
- Industrial 37.2%
- Commercial 9.8%
Largest Zones share of zoned land by district
Ravena, NY zones 408 acres across 6 districts. Commercial zoning covers 9.8% of zoned land, residential 51.8% and industrial 37.2%. The largest single district is Industrial at 37.2%. For commercial buyers the practical constraint is that only 47% of land carries a commercial or industrial designation.
R-2 2. Trailer parks 1. All uses permitted in R-2 1. All uses permitted in R-1 2. Tourist homes, rooming and boarding houses 3. Row houses 4. Apartment houses 5. Garden-type apartments 6. Hospital, sanatorium, nursing homes 7. Day camps -- -- -- -- -- -- -- -- -- -- -- -- -- For special permits 119 Attachment 1:1 10 - 01 - 2016
Market overview
Demographics & Economy
Ravena, NY has 4,903 residents in 2,523 households. Density runs 257 people per square mile. Median household income here is $89,450 and median gross rent $1,022 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Ravena?
What zoning applies to commercial property in Ravena?
Where does Realmo's Ravena market data come from?
Methodology & data sources
- Asking prices and medians
- There are 17 active for-sale and 2 active for-lease listings in Ravena, NY. The sale median is based on 15 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 408 zoned acres across 6 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, 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 October 2026 · How Realmo checks market page data · Report a data issue
