Commercial Real Estate Market in Watertown, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
149 active listings and 1,805 off-market properties in Watertown, NY. Commercial property asks $86/SF to buy and $7.35/SF/Yr to lease.
Market Trends
Watertown, NY spans 157.8 square miles in Jefferson County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Watertown, 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 Watertown, 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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Watertown, NY asks $78/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 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
Residential
Parks And Open Space
Planned Campus
Industrial
Commercial
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 (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.
54,046
Population
23,988
Households
2.3
Avg Household Size
29
Median Age
27%
College-Educated
92%
High-School Grad
157.8 sq mi
ZIP Area
343
Density / Sq Mi
$59,072
Median Household Income
$36,995
Median Earnings
$1,117
Median Rent
$170,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Calcium | — | — |
| Black River | — | — |
| Pamelia | — | — |
| Dexter | — | — |
Commercial property in Watertown, NY asks $86/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Watertown?
Commercial property in Watertown, NY asks an average of $86 per square foot. Multifamily carries the highest asking price at $78/SF.
How much does it cost to lease commercial space in Watertown?
Asking lease rates in Watertown, NY average $7.35 per square foot per year.
What zoning applies to commercial property in Watertown?
Watertown, NY zones 5,335 acres across 8 districts, of which 9.9% is commercial and 10% industrial. The largest single district is Residential at 37.4% of zoned land. 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… Residential zoning covers 37.4% and open space 20%.
Where does Realmo's Watertown market data come from?
Realmo compiles Watertown, NY figures from 132 active sale listings, 17 active lease listings, 1,805 tracked off-market properties, the current Watertown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 132 active for-sale and 17 active for-lease listings in Watertown, 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: 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 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
