Commercial Real Estate Market in Wallace, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 81 off-market properties in Wallace, NY.
Market Trends
Wallace, NY spans 56.9 square miles in Steuben County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wallace, 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 Wallace, 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 Wallace, 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 Wallace, NY asks $66/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
Market overview
Demographics & Economy
Wallace, NY has 2,258 residents in 1,239 households. Density runs 40 people per square mile. Median household income here is $62,868 and median gross rent $924 a month.
2,258
Population
1,239
Households
1.8
Avg Household Size
45
Median Age
17%
College-Educated
84%
High-School Grad
56.9 sq mi
ZIP Area
40
Density / Sq Mi
$62,868
Median Household Income
$40,518
Median Earnings
$924
Median Rent
$110,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cohocton | — | — |
| Kanona | — | — |
| North Cohocton | — | — |
| Prattsburgh | — | — |
Frequently Asked Questions
Where does Realmo's Wallace market data come from?
Realmo compiles Wallace, NY figures from 3 recent recorded sales, 2 active sale listings, 1 active lease listings, 81 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 1 active for-lease listings in Wallace, 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.
- 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
