Commercial Real Estate Market in Syracuse, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
522 active listings and 6,426 off-market properties in Syracuse, NY. Commercial property asks $91/SF to buy and $13.85/SF/Yr to lease. Office vacancy runs 12.7%, the loosest of the segments tracked here.
Market Trends
Syracuse, NY spans 100.4 square miles in Onondaga County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Onondaga County, office space asks $113/SF to buy. Office vacancy in Syracuse, NY runs 12.7% in 2025, up from 12% in 2019. Down from a 2024 peak of 14.5%.
Retail
Across Onondaga County, retail space asks $97/SF to buy. Retail vacancy in Syracuse, NY runs 5.8% in 2025, little changed from 6.2% in 2021. Nearly 1.3x the 2024 low of 4.5%.
Industrial
Industrial vacancy in Syracuse, NY runs 6.1% in 2025, little changed from 6.3% in 2019. Nearly 2.1x the 2022 low of 2.9%.
Multifamily
Across Onondaga County, multifamily space asks $83/SF to buy. Multifamily vacancy in Syracuse, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 69.1%
- Open space 17.2%
- Commercial 5.7%
- Civic 4.8%
- Mixed use 3%
- Planned_development 0.2%
Largest Zones share of zoned land by district
Syracuse, NY zones 12,792 acres across 16 districts. Commercial zoning covers 5.7% of zoned land, residential 69.1% and open space 17.2%. The largest single district is Single Unit Residential at 29.7%. For commercial buyers the practical constraint is that only 5.7% of land carries a commercial or industrial designation.
OS: Open Space 2.14 Planned Development Zone Districts PI D : Planned Institutional 2.15B PD D : Planned Development 2.15C Overlay Zone Districts Local Historic Districts Article 6: Historic Preservation Article 2: Zone Districts 2.1 : General Provisions B : Official Zoning Map Syracuse Zoning Ordinance 16 September 2025 B. Official Zon ing Map (1) Incorpora…
Market overview
Demographics & Economy
Syracuse, NY has 233,100 residents in 104,484 households. Density runs 2,322 people per square mile. Median household income here is $59,645 and median gross rent $1,021 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Split Rock | $156 | $25.00 |
| East Syracuse | $133 | $18.50 |
| Lafayette | $59 | — |
Commercial property in Syracuse, NY asks $91/SF. The 3 bordering markets run from $59/SF in Lafayette to $156/SF in Split Rock, and the city sits below their $133/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Syracuse?
How much does it cost to lease commercial space in Syracuse?
What is the office vacancy rate in Syracuse?
Which property type has the lowest vacancy in Syracuse?
How does Syracuse compare to nearby markets on price?
What zoning applies to commercial property in Syracuse?
Where does Realmo's Syracuse market data come from?
Methodology & data sources
- Asking prices and medians
- There are 398 active for-sale and 124 active for-lease listings in Syracuse, NY. The medians are based on 156 of the for-sale and 20 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 12,792 zoned acres across 16 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 October 2026 — not today — is the honest last update.
- Known limitations
- multifamily 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 October 2026 · How Realmo checks market page data · Report a data issue
