Commercial Real Estate Market in Virgil, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
92 active listings and 1,025 off-market properties in Virgil, NY. Commercial property asks $92/SF to buy and $14.55/SF/Yr to lease (based on 9 listings).
Market Trends
Figures below refresh monthly; last updated 31 October 2026.
Office
Across Cortland County, office space asks $83/SF to buy. Office vacancy in Virgil, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Cortland County, retail space asks $85/SF to buy. Retail vacancy in Virgil, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Virgil, 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%.
Multifamily
Across Cortland County, multifamily space asks $97/SF to buy. Multifamily vacancy in Virgil, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Frequently Asked Questions
What is the median price per square foot for commercial property in Virgil?
How much does it cost to lease commercial space in Virgil?
Where does Realmo's Virgil market data come from?
Methodology & data sources
- Asking prices and medians
- There are 71 active for-sale and 21 active for-lease listings in Virgil, NY. The medians are based on 41 of the for-sale and 9 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.
- 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
- 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 October 2026 · How Realmo checks market page data · Report a data issue
