Commercial Real Estate Market in Richfield Springs, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
19 active listings and 178 off-market properties in Richfield Springs, NY. Commercial property asks $1/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Richfield Springs, NY spans 87.9 square miles in Otsego County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Richfield Springs, 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 Richfield Springs, NY asks $63/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 Richfield Springs, 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 Richfield Springs, NY asks $95/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
Richfield Springs, NY has 3,681 residents in 2,192 households. Density runs 42 people per square mile. Median household income here is $63,681 and median gross rent $827 a month.
3,681
Population
2,192
Households
1.7
Avg Household Size
49
Median Age
30%
College-Educated
88%
High-School Grad
87.9 sq mi
ZIP Area
42
Density / Sq Mi
$63,681
Median Household Income
$35,818
Median Earnings
$827
Median Rent
$184,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Warren | — | — |
| Columbia Center | — | — |
Commercial property in Richfield Springs, NY asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richfield Springs?
Commercial property in Richfield Springs, NY asks an average of $1 per square foot. The 6 most recent recorded sales traded at a median of $45/SF. Multifamily carries the highest asking price at $95/SF.
How much does it cost to lease commercial space in Richfield Springs?
Asking lease rates in Richfield Springs, NY average $12.00 per square foot per year.
Where does Realmo's Richfield Springs market data come from?
Realmo compiles Richfield Springs, NY figures from 7 recent recorded sales, 16 active sale listings, 3 active lease listings, 178 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 3 active for-lease listings in Richfield Springs, 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.
- 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
