Commercial Real Estate Market in Smith Point, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
30 active listings and 389 off-market properties in Smith Point, NY. Commercial property asks $235/SF to buy and $40.00/SF/Yr to lease.
Market Trends
Smith Point, NY spans 13.2 square miles in Suffolk County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Smith Point, 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 Smith Point, 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 Smith Point, 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 Smith Point, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Smith Point, NY has 26,213 residents in 8,922 households. Density runs 1,984 people per square mile. Median household income here is $106,810 and median gross rent $2,157 a month.
26,213
Population
8,922
Households
2.9
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
13.2 sq mi
ZIP Area
1,984
Density / Sq Mi
$106,810
Median Household Income
$52,515
Median Earnings
$2,157
Median Rent
$386,300
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Smith Point?
Commercial property in Smith Point, NY asks an average of $235 per square foot.
How much does it cost to lease commercial space in Smith Point?
Asking lease rates in Smith Point, NY average $40.00 per square foot per year.
Where does Realmo's Smith Point market data come from?
Realmo compiles Smith Point, NY figures from 7 recent recorded sales, 20 active sale listings, 10 active lease listings, 389 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 20 active for-sale and 10 active for-lease listings in Smith Point, 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
