Commercial Real Estate Market in Wheatfield, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
241 active listings and 2,622 off-market properties in Wheatfield, NY. Commercial property asks $62/SF to buy and $14.09/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Wheatfield, NY asks $93/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 Wheatfield, NY asks $29/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 Wheatfield, 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 Wheatfield, NY asks $68/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
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grand Island | $100 (county avg) | — |
| Tonawanda | $100 (county avg) | $13.41 |
| Amherst | $100 (county avg) | $29.38 |
Commercial property in Wheatfield, NY asks $62/SF. The 3 bordering markets run from $100/SF in Grand Island to $100/SF in Grand Island, and the city sits below their $100/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wheatfield?
Commercial property in Wheatfield, NY asks an average of $62 per square foot. The 5 most recent recorded sales traded at a median of $61/SF, so asking sits 2% above the achieved median. Office carries the highest asking price at $93/SF.
How much does it cost to lease commercial space in Wheatfield?
Asking lease rates in Wheatfield, NY average $14.09 per square foot per year.
How does Wheatfield compare to nearby markets on price?
Wheatfield, NY asks $62/SF against $100/SF in Grand Island, $100/SF in Tonawanda and $100/SF in Amherst.
Where does Realmo's Wheatfield market data come from?
Realmo compiles Wheatfield, NY figures from 7 recent recorded sales, 166 active sale listings, 75 active lease listings, 2,622 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 166 active for-sale and 75 active for-lease listings in Wheatfield, 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
