Commercial Real Estate Market in Watervliet, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 310 off-market properties in Watervliet, NY. Commercial property asks $127/SF to buy and $7.60/SF/Yr to lease.
Market Trends
Watervliet, NY spans 6.2 square miles in Albany County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Watervliet, NY asks $149/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Watervliet, NY asks $128/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Watervliet, NY asks $121/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 59.2%
- Industrial 18.5%
- Open space 10.7%
- Mixed use 9.1%
- Commercial 2.4%
Largest Zones share of zoned land by district
Residential 2
Light Industrial
Waterfront Conservation
Residential 1
Residential 1 A
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.
Residential 2 (R-2)
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.
18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,050
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
Median Home Value
Tools
Lease vs Buy Breakeven
At $7.60/SF/Yr lease vs $127/SF buy → buying wins if held > 5.3 years.
The comparison uses county-wide sale comps against Watervliet asking rents, so the implied 6% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Newtonville | $127 (county avg) | $17.73 |
| Dunsbach Ferry | $127 (county avg) | $7.44 |
| Albany | $127 (county avg) | $14.25 |
Commercial property in Watervliet, NY asks $127/SF. The 3 bordering markets run from $127/SF in Newtonville to $127/SF in Newtonville, and the city sits in line with their $127/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Watervliet?
Commercial property in Watervliet, NY asks an average of $127 per square foot. The 6 most recent recorded sales traded at a median of $110/SF, so asking sits 16% above the achieved median. Office carries the highest asking price at $149/SF.
How much does it cost to lease commercial space in Watervliet?
Asking lease rates in Watervliet, NY average $7.60 per square foot per year.
Is it cheaper to lease or buy commercial space in Watervliet?
Buying beats leasing in Watervliet, NY if the property is held longer than 5.3 years, comparing $7.60/SF/Yr asking rent with $127/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Watervliet compare to nearby markets on price?
Watervliet, NY asks $127/SF against $127/SF in Newtonville, $127/SF in Dunsbach Ferry and $127/SF in Albany.
What zoning applies to commercial property in Watervliet?
Watervliet, NY zones 869 acres across 9 districts, of which 2.4% is commercial and 18.5% industrial. The largest single district is Residential 2 at 34.6% of zoned land. 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… Residential zoning covers 59.2% and open space 10.7%.
Where does Realmo's Watervliet market data come from?
Realmo compiles Watervliet, NY figures from 6 recent recorded sales, 49 active sale listings, 13 active lease listings, 310 tracked off-market properties, the current Watervliet zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 49 active for-sale and 13 active for-lease listings in Watervliet, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 August 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
