Commercial Real Estate Market in Utica, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
190 active listings and 2,610 off-market properties in Utica, NY.
Market Trends
Utica, NY spans 60.3 square miles in Oneida County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Utica, 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 Utica, 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 Utica, 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 Utica, NY asks $77/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 40.4%
- Commercial 29%
- Mixed use 20.8%
- Industrial 5.5%
- Planned_development 4.3%
Largest Zones share of zoned land by district
Land Conservation
Residential Single
Residential Mixed
Mixed Use Campus
Industrial
Utica, NY zones 8,469 acres across 10 districts. Commercial zoning covers 29% of zoned land, residential 40.4% and industrial 5.5%. The largest single district is Land Conservation at 26.9%. For commercial buyers the practical constraint is that only 34.6% of land carries a commercial or industrial designation.
Land Conservation (LC)
This district is designed to protect the health, safety and general welfare, reduce impacts of flooding on homes and businesses, and to protect the ecosystem of the floodplain
Market overview
Demographics & Economy
Utica, NY has 74,875 residents in 32,408 households. Density runs 1,242 people per square mile. Median household income here is $54,201 and median gross rent $910 a month.
74,875
Population
32,408
Households
2.3
Avg Household Size
36
Median Age
23%
College-Educated
82%
High-School Grad
60.3 sq mi
ZIP Area
1,242
Density / Sq Mi
$54,201
Median Household Income
$35,128
Median Earnings
$910
Median Rent
$142,228
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Washington Mills | — | — |
| Yorkville | — | — |
| New Hartfd | — | — |
| NY Mills | — | — |
Commercial property in Utica, NY asks $42/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Utica?
Commercial property in Utica, NY asks an average of $42 per square foot. Multifamily carries the highest asking price at $77/SF.
What zoning applies to commercial property in Utica?
Utica, NY zones 8,469 acres across 10 districts, of which 29% is commercial and 5.5% industrial. The largest single district is Land Conservation at 26.9% of zoned land. This district is designed to protect the health, safety and general welfare, reduce impacts of flooding on homes and businesses, and to protect the ecosystem of the floodplain Residential zoning covers 40.4% and open space 0%.
Where does Realmo's Utica market data come from?
Realmo compiles Utica, NY figures from 3 recent recorded sales, 168 active sale listings, 22 active lease listings, 2,610 tracked off-market properties, the current Utica zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 168 active for-sale and 22 active for-lease listings in Utica, 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.
- Zoning and land use
- The current municipal zoning release: 8,469 zoned acres across 10 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 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
