Commercial Real Estate Market in West Hempstead, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
147 active listings and 1,904 off-market properties in West Hempstead, NY. Commercial property asks $239/SF to buy and $34.48/SF/Yr to lease.
Market Trends
West Hempstead, NY spans 3.5 square miles in Nassau County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in West Hempstead, 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 West Hempstead, 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 West Hempstead, 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 vacancy in West Hempstead, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
West Hempstead, NY has 24,903 residents in 7,736 households. Density runs 7,127 people per square mile. Median household income here is $153,192 and median gross rent $3,185 a month.
24,903
Population
7,736
Households
3.2
Avg Household Size
40
Median Age
47%
College-Educated
93%
High-School Grad
3.5 sq mi
ZIP Area
7,127
Density / Sq Mi
$153,192
Median Household Income
$58,371
Median Earnings
$3,185
Median Rent
$615,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Franklin Square | — | — |
| Hempstead | — | $34.48 |
| Garden City | — | $37.24 |
| Floral Park | — | $31.24 |
Commercial property in West Hempstead, NY asks $239/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in West Hempstead?
Commercial property in West Hempstead, NY asks an average of $239 per square foot. The 6 most recent recorded sales traded at a median of $764/SF.
How much does it cost to lease commercial space in West Hempstead?
Asking lease rates in West Hempstead, NY average $34.48 per square foot per year.
Where does Realmo's West Hempstead market data come from?
Realmo compiles West Hempstead, NY figures from 6 recent recorded sales, 96 active sale listings, 51 active lease listings, 1,904 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 96 active for-sale and 51 active for-lease listings in West Hempstead, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · report a data issue
