Commercial Real Estate Market in Vestal, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 631 off-market properties in Vestal, NY. Commercial property asks $211/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Vestal, NY spans 51.1 square miles in Broome County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Vestal, 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 Vestal, 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 Vestal, 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 Vestal, NY asks $84/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 82.5%
- Civic 13.7%
- Industrial 3.1%
- Planned_development 0.7%
- Mixed use 0%
Largest Zones share of zoned land by district
Rural Residence
One Family Residential
One And Two Family Residential
Industrial
Community Business
Vestal, NY zones 33,712 acres across 13 districts. The largest single district is Rural Residence at 82.5%. For commercial buyers the practical constraint is that only 3.1% of land carries a commercial or industrial designation.
Rural Residence (RR)
RR Abattoir and/or animal reduction works - - - T Accessory structures and uses customarily incidental for farm purposes - - - I Accessory structures or uses, including detached private garage, garden house, greenhouse, toolhouse and similar uses, for residents only I I - I Accessory use towers or structures other than buildings - Z Z Z Agricultural activity…
Market overview
Demographics & Economy
Vestal, NY has 22,135 residents in 10,427 households. Density runs 433 people per square mile. Median household income here is $81,627 and median gross rent $1,111 a month.
22,135
Population
10,427
Households
2.1
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
51.1 sq mi
ZIP Area
433
Density / Sq Mi
$81,627
Median Household Income
$44,821
Median Earnings
$1,111
Median Rent
$185,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Endicott | — | — |
| Westover | — | — |
| Bible School Park | — | — |
| Binghamton | — | — |
Commercial property in Vestal, NY asks $211/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Vestal?
Commercial property in Vestal, NY asks an average of $211 per square foot. The 5 most recent recorded sales traded at a median of $52/SF, so asking sits 306% above the achieved median. Multifamily carries the highest asking price at $84/SF.
How much does it cost to lease commercial space in Vestal?
Asking lease rates in Vestal, NY average $14.00 per square foot per year.
What zoning applies to commercial property in Vestal?
Vestal, NY zones 33,712 acres across 13 districts, of which 0% is commercial and 3.1% industrial. The largest single district is Rural Residence at 82.5% of zoned land. RR Abattoir and/or animal reduction works - - - T Accessory structures and uses customarily incidental for farm purposes - - - I Accessory structures or uses, including detached private garage, garden house, greenhouse, toolhouse and similar uses, for residents only I I - I Accessory use towers or structures other than buildings - Z Z Z Agricultural activity… Residential zoning covers 82.5% and open space 0%.
Where does Realmo's Vestal market data come from?
Realmo compiles Vestal, NY figures from 6 recent recorded sales, 14 active sale listings, 8 active lease listings, 631 tracked off-market properties, the current Vestal zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 8 active for-lease listings in Vestal, 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: 33,712 zoned acres across 13 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
