Commercial Real Estate Market in Rensselaer, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
41 active listings and 523 off-market properties in Rensselaer, NY. Commercial property asks $59/SF to buy and $13.13/SF/Yr to lease.
Market Trends
Rensselaer, NY spans 18.3 square miles in Rensselaer County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Rensselaer, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Rensselaer, NY asks $91/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 Rensselaer, 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 Rensselaer, NY asks $113/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
- Commercial 24.8%
- Industrial 18.9%
- Open space 16.6%
- Mixed use 16.2%
- Residential 15.4%
- Planned_development 8.1%
Largest Zones share of zoned land by district
Residential District
Open Space And Conservation
Industrial
Residential District
Downtown Mixed Use
Rensselaer, NY zones 2,002 acres across 9 districts. Commercial zoning covers 24.8% of zoned land, residential 15.4%, open space 16.6% and industrial 18.9%. The largest single district is Residential District at 23.1%. For commercial buyers the practical constraint is that only 43.7% of land carries a commercial or industrial designation.
Open Space And Conservation (OS)
Bulk and Use Table: OS Open Space and Conservation District. § 179-22 PDD Planned Development District. § 179-23 Historic Overlay District. Article III Regulations Applicable to All Zoning Districts § 179-24 Special use permits.
Market overview
Demographics & Economy
Rensselaer, NY has 21,277 residents in 10,474 households. Density runs 1,162 people per square mile. Median household income here is $88,357 and median gross rent $1,379 a month.
21,277
Population
10,474
Households
2
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
18.3 sq mi
ZIP Area
1,162
Density / Sq Mi
$88,357
Median Household Income
$51,893
Median Earnings
$1,379
Median Rent
$235,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Albany | $128 (county avg) | $14.43 |
| Bethlehem Center | $128 (county avg) | — |
| Newtonville | $128 (county avg) | $17.77 |
| Bethlehem | $128 (county avg) | $14.16 |
Commercial property in Rensselaer, NY asks $59/SF. The 4 bordering markets run from $128/SF in Albany to $128/SF in Albany, and the city sits below their $128/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rensselaer?
Commercial property in Rensselaer, NY asks an average of $59 per square foot. The 5 most recent recorded sales traded at a median of $98/SF. Multifamily carries the highest asking price at $113/SF.
How much does it cost to lease commercial space in Rensselaer?
Asking lease rates in Rensselaer, NY average $13.13 per square foot per year.
How does Rensselaer compare to nearby markets on price?
Rensselaer, NY asks $59/SF against $128/SF in Albany, $128/SF in Bethlehem Center, $128/SF in Newtonville and $128/SF in Bethlehem.
What zoning applies to commercial property in Rensselaer?
Rensselaer, NY zones 2,002 acres across 9 districts, of which 24.8% is commercial and 18.9% industrial. The largest single district is Residential District at 23.1% of zoned land. Residential zoning covers 15.4% and open space 16.6%.
Where does Realmo's Rensselaer market data come from?
Realmo compiles Rensselaer, NY figures from 6 recent recorded sales, 30 active sale listings, 11 active lease listings, 523 tracked off-market properties, the current Rensselaer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 11 active for-lease listings in Rensselaer, 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.
- Zoning and land use
- The current municipal zoning release: 2,002 zoned acres across 9 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 30 September 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 30 September 2026 · report a data issue
