Commercial Real Estate Market in Wellsville, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
15 active listings and 434 off-market properties in Wellsville, NY.
Market Trends
Wellsville, NY spans 116.0 square miles in Allegany County, New York. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Wellsville, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Allegany County, retail space asks $42/SF to buy. Retail vacancy in Wellsville, 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 Wellsville, 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 Allegany County, multifamily space asks $73/SF to buy. Multifamily vacancy in Wellsville, 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 76.2%
- Industrial 7.5%
- Open space 7.2%
- Commercial 5%
- Civic 1.9%
Largest Zones share of zoned land by district
Wellsville, NY zones 1,526 acres across 7 districts. Commercial zoning covers 5% of zoned land, residential 76.2%, open space 7.2% and industrial 7.5%. The largest single district is Residential at 57.8%. For commercial buyers the practical constraint is that only 12.5% of land carries a commercial or industrial designation.
The purpose of R-1 zone is to delineate those areas where predominantly single family, Iow density residential development and limited multi family residential development has occurred or is likely to occur and to protect the integrity of these residential areas by prohibiting the intrusion of any use which is not compatible with this predominant type and in…
Market overview
Demographics & Economy
Wellsville, NY has 9,375 residents in 4,612 households. Density runs 81 people per square mile. Median household income here is $59,063 and median gross rent $645 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Wellsville?
What zoning applies to commercial property in Wellsville?
Where does Realmo's Wellsville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 6 active for-lease listings in Wellsville, NY. The sale median is based on 6 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: 1,526 zoned acres across 7 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
