Commercial Real Estate Market in Rye, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 192 off-market properties in Rye, NY.
Market Trends
Rye, NY spans 8.4 square miles in Westchester County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Rye, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Rye, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Rye, 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 vacancy in Rye, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.8%
- Open space 18.3%
- Commercial 3.7%
- Civic 1.1%
Largest Zones share of zoned land by district
One Family
One Family
One Family
One Family
Conservation District
Rye, NY zones 4,050 acres across 24 districts. Commercial zoning covers 3.7% of zoned land, residential 72.8% and open space 18.3%. The largest single district is One Family at 20.9%. For commercial buyers the practical constraint is that only 3.7% of land carries a commercial or industrial designation.
One Family (R-2)
R-2 Single-Family Residence District. (14) Adaptive reuse of historic buildings. For a building designated as a protected structure pursuant to Chapter 117 , Landmarks Preservation, of the Code of the City of Rye, and listed on the National Register of Historic Places, the Planning Commission may permit the following uses: [Added 3-18-1992 by L.L. No. 4-1992…
Market overview
Demographics & Economy
Rye, NY has 18,268 residents in 6,614 households. Density runs 2,187 people per square mile. Median household income here is $242,015 and median gross rent $2,764 a month.
18,268
Population
6,614
Households
2.8
Avg Household Size
42
Median Age
81%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,187
Density / Sq Mi
$242,015
Median Household Income
$109,510
Median Earnings
$2,764
Median Rent
$1,834,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Harrison | — | — |
| Mamaroneck | — | $29.67 |
| Rye Brook | — | — |
| Larchmont | — | $42.74 |
Commercial property in Rye, NY asks $4,694/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rye?
Commercial property in Rye, NY asks an average of $4,694 per square foot. The 3 most recent recorded sales traded at a median of $966/SF, so asking sits 386% above the achieved median.
What zoning applies to commercial property in Rye?
Rye, NY zones 4,050 acres across 24 districts, of which 3.7% is commercial and 0% industrial. The largest single district is One Family at 20.9% of zoned land. R-2 Single-Family Residence District. (14) Adaptive reuse of historic buildings. For a building designated as a protected structure pursuant to Chapter 117 , Landmarks Preservation, of the Code of the City of Rye, and listed on the National Register of Historic Places, the Planning Commission may permit the following uses: [Added 3-18-1992 by L.L. No. 4-1992… Residential zoning covers 72.8% and open space 18.3%.
Where does Realmo's Rye market data come from?
Realmo compiles Rye, NY figures from 8 recent recorded sales, 5 active sale listings, 6 active lease listings, 192 tracked off-market properties, the current Rye zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 6 active for-lease listings in Rye, 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: 4,050 zoned acres across 24 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
