Commercial Real Estate Market in Somers Town, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 73 off-market properties in Somers Town, NY.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Somers Town, 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 Somers Town, 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 Somers Town, 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 Somers Town, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lincolndale | — | — |
| Croton Falls | — | — |
| Shenorock | — | — |
| Goldens Bridge | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Somers Town?
Asking lease rates in Somers Town, NY average $38.18 per square foot per year.
Where does Realmo's Somers Town market data come from?
Realmo compiles Somers Town, NY figures from 3 recent recorded sales, 2 active sale listings, 15 active lease listings, 73 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 15 active for-lease listings in Somers Town, 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 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
