Commercial Real Estate Market in Ravena, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 145 off-market properties in Ravena, NY. Commercial property asks $127/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Ravena, NY spans 19.1 square miles in Albany County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Ravena, 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 Ravena, 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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Ravena, 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
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
Industrial
Two Family Residential
Single Family Residential
Business Commercial
Mobile Home Park
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.
Two Family Residential (R-2)
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.
4,903
Population
2,523
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
19.1 sq mi
ZIP Area
257
Density / Sq Mi
$89,450
Median Household Income
$41,458
Median Earnings
$1,022
Median Rent
$222,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Coeymans | $127 (county avg) | — |
| South Bethlehem | $127 (county avg) | — |
| Beckers Corners | $127 (county avg) | — |
| Coeymans Hollow | $127 (county avg) | — |
Commercial property in Ravena, NY asks $127/SF. The 4 bordering markets run from $127/SF in Coeymans to $127/SF in Coeymans, 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 Ravena?
Commercial property in Ravena, NY asks an average of $127 per square foot. The 3 most recent recorded sales traded at a median of $7/SF, so asking sits 1620% above the achieved median. Office carries the highest asking price at $149/SF.
How much does it cost to lease commercial space in Ravena?
Asking lease rates in Ravena, NY average $15.00 per square foot per year.
How does Ravena compare to nearby markets on price?
Ravena, NY asks $127/SF against $127/SF in Coeymans, $127/SF in South Bethlehem, $127/SF in Beckers Corners and $127/SF in Coeymans Hollow.
What zoning applies to commercial property in Ravena?
Ravena, NY zones 408 acres across 6 districts, of which 9.8% is commercial and 37.2% industrial. The largest single district is Industrial at 37.2% of zoned land. Residential zoning covers 51.8% and open space 0%.
Where does Realmo's Ravena market data come from?
Realmo compiles Ravena, NY figures from 3 recent recorded sales, 18 active sale listings, 2 active lease listings, 145 tracked off-market properties, the current Ravena 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 2 active for-lease listings in Ravena, 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: 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 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
