Commercial Real Estate Market in Saranac Lake, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
58 active listings and 348 off-market properties in Saranac Lake, NY. Commercial property asks $43/SF to buy and $11.31/SF/Yr to lease.
Market Trends
Saranac Lake, NY spans 115.8 square miles in Franklin County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Saranac Lake, NY asks $79/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 Saranac Lake, NY asks $85/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 Saranac Lake, 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 Saranac Lake, NY asks $85/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
Saranac Lake, NY has 7,073 residents in 4,664 households. Density runs 61 people per square mile. Median household income here is $64,604 and median gross rent $845 a month.
7,073
Population
4,664
Households
1.5
Avg Household Size
46
Median Age
43%
College-Educated
93%
High-School Grad
115.8 sq mi
ZIP Area
61
Density / Sq Mi
$64,604
Median Household Income
$39,717
Median Earnings
$845
Median Rent
$207,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Harrietstown | — | $11.31 |
| Lake Placid | — | $28.49 |
Commercial property in Saranac Lake, NY asks $43/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saranac Lake?
Commercial property in Saranac Lake, NY asks an average of $43 per square foot. The 6 most recent recorded sales traded at a median of $182/SF. Multifamily carries the highest asking price at $85/SF.
How much does it cost to lease commercial space in Saranac Lake?
Asking lease rates in Saranac Lake, NY average $11.31 per square foot per year.
Where does Realmo's Saranac Lake market data come from?
Realmo compiles Saranac Lake, NY figures from 6 recent recorded sales, 52 active sale listings, 6 active lease listings, 348 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 52 active for-sale and 6 active for-lease listings in Saranac Lake, 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
