Commercial Real Estate Market in South Wales, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
South Wales, NY spans 24.9 square miles in Erie County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in South Wales, NY asks $106/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 South Wales, NY asks $86/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 South Wales, 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 South Wales, NY asks $106/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
Demographics & Economy
South Wales, NY has 2,231 residents in 871 households. Density runs 90 people per square mile. Median household income here is $78,317 and median gross rent $850 a month.
2,231
Population
871
Households
2.6
Avg Household Size
45
Median Age
29%
College-Educated
96%
High-School Grad
24.9 sq mi
ZIP Area
90
Density / Sq Mi
$78,317
Median Household Income
$52,208
Median Earnings
$850
Median Rent
$242,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wales Center | $101 (county avg) | — |
| East Aurora | $101 (county avg) | — |
| Holland | $101 (county avg) | — |
| West Falls | $101 (county avg) | — |
Commercial property in South Wales, NY asks $101/SF. The 4 bordering markets run from $101/SF in Wales Center to $101/SF in Wales Center, and the city sits in line with their $101/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in South Wales?
Commercial property in South Wales, NY asks an average of $101 per square foot. Office carries the highest asking price at $106/SF.
How does South Wales compare to nearby markets on price?
South Wales, NY asks $101/SF against $101/SF in Wales Center, $101/SF in East Aurora, $101/SF in Holland and $101/SF in West Falls.
Methodology & data sources
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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
