Commercial Real Estate Market in Schenectady, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
400 active listings and 3,379 off-market properties in Schenectady, NY. Commercial property asks $131/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Schenectady, NY spans 131.5 square miles in Schenectady County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Schenectady, NY asks $12.35/SF/Yr to lease, and the average asking price across Schenectady County is $93/SF. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Schenectady County, retail space asks $139/SF to buy. Retail vacancy in Schenectady, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Schenectady, 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%.
Multifamily
Across Schenectady County, multifamily space asks $121/SF to buy. Multifamily vacancy in Schenectady, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 37.7%
- Mixed use 26.2%
- Residential 23%
- Industrial 9.6%
- Civic 2.9%
- Commercial 0.7%
Largest Zones share of zoned land by district
Schenectady, NY zones 687 acres across 15 districts. Commercial zoning covers 0.7% of zoned land, residential 23%, open space 37.7% and industrial 9.6%. The largest single district is Recreation And Open Space at 37.7%. For commercial buyers the practical constraint is that only 10.3% of land carries a commercial or industrial designation.
District. § 264-10 RH-2 Stockade Historic Residential District. § 264-11 R-3 Multiple-Family Residential District. § 264-12 C-1 Neighborhood Retail Business District. § 264-13 C-2 Mixed-Use Commercial District. § 264-14 C-3 Waterfront Mixed-Use District. § 264-15 C-4 Downtown Mixed-Use District. § 264-16 C-5 Business District. § 264-17 I Institutional Distri…
Market overview
Demographics & Economy
Schenectady, NY has 167,169 residents in 74,517 households. Density runs 1,271 people per square mile. Median household income here is $82,811 and median gross rent $1,209 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Burnt Hills | $275 | $19.00 |
| Clifton Park Center | $195 | $17.50 |
| Dunsbach Ferry | $110 | $13.64 |
| Ballston Spa | $170 | $15.00 |
Commercial property in Schenectady, NY asks $131/SF. The 4 bordering markets run from $110/SF in Dunsbach Ferry to $275/SF in Burnt Hills, and the city sits below their $183/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Schenectady?
How much does it cost to lease commercial space in Schenectady?
How does Schenectady compare to nearby markets on price?
What zoning applies to commercial property in Schenectady?
Where does Realmo's Schenectady market data come from?
Methodology & data sources
- Asking prices and medians
- There are 270 active for-sale and 130 active for-lease listings in Schenectady, NY. The medians are based on 204 of the for-sale and 53 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 687 zoned acres across 15 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 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
