Commercial Real Estate Market in Shelby, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
15 active listings and 133 off-market properties in Shelby, NY. Commercial property asks $71/SF to buy and $5.50/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Shelby, NY asks $93/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 Shelby, NY asks $29/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 Shelby, 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 Shelby, NY asks $68/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
Tools
Nearby Markets
Commercial property in Shelby, NY asks $71/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shelby?
Commercial property in Shelby, NY asks an average of $71 per square foot. The 5 most recent recorded sales traded at a median of $25/SF, so asking sits 182% above the achieved median. Office carries the highest asking price at $93/SF.
How much does it cost to lease commercial space in Shelby?
Asking lease rates in Shelby, NY average $5.50 per square foot per year.
Where does Realmo's Shelby market data come from?
Realmo compiles Shelby, NY figures from 6 recent recorded sales, 10 active sale listings, 5 active lease listings, 133 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 10 active for-sale and 5 active for-lease listings in Shelby, 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, 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 30 September 2026 · report a data issue
