Commercial Real Estate Market in Watertown, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
94 active listings and 1,805 off-market properties in Watertown, NY.
Market Trends
Watertown, NY spans 157.8 square miles in Jefferson County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Jefferson County, office space asks $70/SF to buy. Office vacancy in Watertown, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Jefferson County, retail space asks $52/SF to buy. Retail vacancy in Watertown, 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 Watertown, 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 Jefferson County, multifamily space asks $122/SF to buy. Multifamily vacancy in Watertown, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 37.4%
- Open space 20%
- Civic 13.5%
- Industrial 10%
- Commercial 9.9%
- Mixed use 9.2%
Largest Zones share of zoned land by district
Watertown, NY zones 5,335 acres across 8 districts. Commercial zoning covers 9.9% of zoned land, residential 37.4%, open space 20% and industrial 10%. The largest single district is Residential at 37.4%. For commercial buyers the practical constraint is that only 19.9% of land carries a commercial or industrial designation.
Residential (R). Residential neighborhoods where the primary uses are single-unit and two-unit homes. Lot sizes vary from small to large with some multi-unit structures. New construction should not compromise the aesthetic value of existing historical homes. Streets are l ined with sidewalks and ample street trees that provide walkable, human -scale neighbor…
Market overview
Demographics & Economy
Watertown, NY has 54,046 residents in 23,988 households. Density runs 343 people per square mile. Median household income here is $59,072 and median gross rent $1,117 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Watertown?
What zoning applies to commercial property in Watertown?
Where does Realmo's Watertown market data come from?
Methodology & data sources
- Asking prices and medians
- There are 88 active for-sale and 6 active for-lease listings in Watertown, NY. The sale median is based on 57 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- Zoning and land use
- The current municipal zoning release: 5,335 zoned acres across 8 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 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
