Commercial Real Estate Market in Tonawanda, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
80 active listings and 1,121 off-market properties in Tonawanda, NY. Commercial property asks $100/SF to buy and $13.41/SF/Yr to lease.
Market Trends
Tonawanda, NY spans 21.5 square miles in Erie County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Tonawanda, NY asks $117/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 Tonawanda, NY asks $73/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 Tonawanda, 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 Tonawanda, NY asks $103/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.8%
- Industrial 19.7%
- Commercial 8.5%
- Open space 2.9%
- Mixed use 1.8%
Largest Zones share of zoned land by district
Single Family Residential
General Residential District
Manufacturing District
Community Facilities
Central Retail District
Tonawanda, NY zones 2,346 acres across 12 districts. Commercial zoning covers 8.5% of zoned land, residential 59.8%, open space 2.9% and industrial 19.7%. The largest single district is Single Family Residential at 36.2%. For commercial buyers the practical constraint is that only 28.2% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
Single-Family Residential (R-1). The purpose of the R-1 District is to support the neighborhood vision and goals of the Town's Comprehensive Plan through the preservation and enhancement of existing single-family neighborhoods. Since the settlement of the Town, these neighborhoods have provided affordable, multi-generational housing options arranged in a man…
Market overview
Demographics & Economy
Tonawanda, NY has 86,904 residents in 42,018 households. Density runs 4,037 people per square mile. Median household income here is $74,252 and median gross rent $1,030 a month.
86,904
Population
42,018
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
95%
High-School Grad
21.5 sq mi
ZIP Area
4,037
Density / Sq Mi
$74,252
Median Household Income
$48,759
Median Earnings
$1,030
Median Rent
$190,194
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Buffalo | $100 (county avg) | $38.48 |
| Grand Island | $100 (county avg) | — |
| Cheektowaga | $100 (county avg) | $17.72 |
Commercial property in Tonawanda, NY asks $100/SF. The 3 bordering markets run from $100/SF in Buffalo to $100/SF in Buffalo, and the city sits in line with their $100/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tonawanda?
Commercial property in Tonawanda, NY asks an average of $100 per square foot. The 5 most recent recorded sales traded at a median of $58/SF, so asking sits 72% above the achieved median. Office carries the highest asking price at $117/SF.
How much does it cost to lease commercial space in Tonawanda?
Asking lease rates in Tonawanda, NY average $13.41 per square foot per year.
How does Tonawanda compare to nearby markets on price?
Tonawanda, NY asks $100/SF against $100/SF in Buffalo, $100/SF in Grand Island and $100/SF in Cheektowaga.
What zoning applies to commercial property in Tonawanda?
Tonawanda, NY zones 2,346 acres across 12 districts, of which 8.5% is commercial and 19.7% industrial. The largest single district is Single Family Residential at 36.2% of zoned land. Single-Family Residential (R-1). The purpose of the R-1 District is to support the neighborhood vision and goals of the Town's Comprehensive Plan through the preservation and enhancement of existing single-family neighborhoods. Since the settlement of the Town, these neighborhoods have provided affordable, multi-generational housing options arranged in a man… Residential zoning covers 59.8% and open space 2.9%.
Where does Realmo's Tonawanda market data come from?
Realmo compiles Tonawanda, NY figures from 7 recent recorded sales, 54 active sale listings, 26 active lease listings, 1,121 tracked off-market properties, the current Tonawanda zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 26 active for-lease listings in Tonawanda, 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.
- 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.
- Zoning and land use
- The current municipal zoning release: 2,346 zoned acres across 12 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 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
