Commercial Real Estate Market in Westfield, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 490 off-market properties in Westfield, NY. Commercial property asks $116/SF to buy and $5.75/SF/Yr to lease.
Market Trends
Westfield, NY spans 42.7 square miles in Chautauqua County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Westfield, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Westfield, NY asks $54/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 Westfield, 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 Westfield, NY asks $33/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
- Commercial 51.3%
- Residential 31.7%
- Industrial 16.6%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Agricultural And Residential
Multiple Residential
Industrial
Residential
Light Industrial
Westfield, NY zones 2,413 acres across 10 districts. Commercial zoning covers 51.3% of zoned land, residential 31.7% and industrial 16.6%. The largest single district is Agricultural And Residential at 47.2%. For commercial buyers the practical constraint is that only 67.9% of land carries a commercial or industrial designation.
Agricultural And Residential (AR-1)
Agricultural-Residential (AR-1) Districts are established to provide for a compatible mix of agricultural and residential uses along with a limited number of business uses
Market overview
Demographics & Economy
Westfield, NY has 4,825 residents in 2,669 households. Density runs 113 people per square mile. Median household income here is $47,656 and median gross rent $685 a month.
4,825
Population
2,669
Households
1.8
Avg Household Size
49
Median Age
29%
College-Educated
89%
High-School Grad
42.7 sq mi
ZIP Area
113
Density / Sq Mi
$47,656
Median Household Income
$46,684
Median Earnings
$685
Median Rent
$116,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mayville | — | — |
| Portland | — | — |
| Ripley | — | — |
| Brocton | — | — |
Commercial property in Westfield, NY asks $116/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Westfield?
Commercial property in Westfield, NY asks an average of $116 per square foot. The 3 most recent recorded sales traded at a median of $160/SF. Retail carries the highest asking price at $54/SF.
How much does it cost to lease commercial space in Westfield?
Asking lease rates in Westfield, NY average $5.75 per square foot per year.
What zoning applies to commercial property in Westfield?
Westfield, NY zones 2,413 acres across 10 districts, of which 51.3% is commercial and 16.6% industrial. The largest single district is Agricultural And Residential at 47.2% of zoned land. Agricultural-Residential (AR-1) Districts are established to provide for a compatible mix of agricultural and residential uses along with a limited number of business uses Residential zoning covers 31.7% and open space 0%.
Where does Realmo's Westfield market data come from?
Realmo compiles Westfield, NY figures from 4 recent recorded sales, 17 active sale listings, 2 active lease listings, 490 tracked off-market properties, the current Westfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 2 active for-lease listings in Westfield, 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: 2,413 zoned acres across 10 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
