Commercial Real Estate Market in Schenectady, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
414 active listings and 3,379 off-market properties in Schenectady, NY. Commercial property asks $31/SF to buy and $13.71/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 August 2026.
Office
Office space in Schenectady, NY asks $128/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 Schenectady, NY asks $141/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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Schenectady, NY asks $128/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
- 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
Recreation And Open Space
Waterfront Mixed Use
Stockade Historic Residential
Light Manufacturing And Warehousing
Institutional
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.
Waterfront Mixed Use (C-3)
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.
167,169
Population
74,517
Households
2.2
Avg Household Size
40
Median Age
37%
College-Educated
92%
High-School Grad
131.5 sq mi
ZIP Area
1,271
Density / Sq Mi
$82,811
Median Household Income
$50,145
Median Earnings
$1,209
Median Rent
$221,201
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dunsbach Ferry | $127 (county avg) | $7.44 |
| Guilderland | $127 (county avg) | $14.50 |
| Newtonville | $127 (county avg) | $17.73 |
Commercial property in Schenectady, NY asks $31/SF. The 3 bordering markets run from $127/SF in Dunsbach Ferry to $127/SF in Dunsbach Ferry, and the city sits below their $127/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Schenectady?
Commercial property in Schenectady, NY asks an average of $31 per square foot. The 5 most recent recorded sales traded at a median of $98/SF. Retail carries the highest asking price at $141/SF.
How much does it cost to lease commercial space in Schenectady?
Asking lease rates in Schenectady, NY average $13.71 per square foot per year.
How does Schenectady compare to nearby markets on price?
Schenectady, NY asks $31/SF against $127/SF in Dunsbach Ferry, $127/SF in Guilderland and $127/SF in Newtonville.
What zoning applies to commercial property in Schenectady?
Schenectady, NY zones 687 acres across 15 districts, of which 0.7% is commercial and 9.6% industrial. The largest single district is Recreation And Open Space at 37.7% of zoned land. Residential zoning covers 23% and open space 37.7%.
Where does Realmo's Schenectady market data come from?
Realmo compiles Schenectady, NY figures from 6 recent recorded sales, 300 active sale listings, 114 active lease listings, 3,379 tracked off-market properties, the current Schenectady zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 300 active for-sale and 114 active for-lease listings in Schenectady, 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: 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 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 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 August 2026 · report a data issue
