Commercial Real Estate Market in Watervliet, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
63 active listings and 310 off-market properties in Watervliet, NY. Commercial property asks $123/SF to buy and $10.50/SF/Yr to lease (based on 6 listings).
Market Trends
Watervliet, NY spans 6.2 square miles in Albany County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Albany County, office space asks $122/SF to buy. Office vacancy in Watervliet, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Albany County, retail space asks $127/SF to buy. Retail vacancy in Watervliet, 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 Watervliet, 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 Albany County, multifamily space asks $124/SF to buy. Multifamily vacancy in Watervliet, 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 59.2%
- Industrial 18.5%
- Open space 10.7%
- Mixed use 9.1%
- Commercial 2.4%
Largest Zones share of zoned land by district
Watervliet, NY zones 869 acres across 9 districts. Commercial zoning covers 2.4% of zoned land, residential 59.2%, open space 10.7% and industrial 18.5%. The largest single district is Residential 2 at 34.6%. For commercial buyers the practical constraint is that only 20.9% of land carries a commercial or industrial designation.
Two-Family (R-2): The purpose of the R-2 District is to preserve neighborhoods that have a mix of single- and two-family dwellings on individual lots. (5) Multifamily (R-3): The purpose of the R-3 District is to provide areas for higher-density residential uses with a variety of housing types. C. Mixed-use districts. (1) General purpose of mixed-use district…
Market overview
Demographics & Economy
Watervliet, NY has 18,970 residents in 9,887 households. Density runs 3,050 people per square mile. Median household income here is $62,763 and median gross rent $1,084 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Troy | $109 | $15.75 |
| Newtonville | $165 | $18.50 |
Commercial property in Watervliet, NY asks $123/SF. The 2 bordering markets run from $109/SF in Troy to $165/SF in Newtonville, and the city sits below their $137/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Watervliet?
How much does it cost to lease commercial space in Watervliet?
How does Watervliet compare to nearby markets on price?
What zoning applies to commercial property in Watervliet?
Where does Realmo's Watervliet market data come from?
Methodology & data sources
- Asking prices and medians
- There are 49 active for-sale and 14 active for-lease listings in Watervliet, NY. The medians are based on 42 of the for-sale and 6 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.
- Zoning and land use
- The current municipal zoning release: 869 zoned acres across 9 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
