Commercial Real Estate Market in Yonkers, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
306 active listings and 3,829 off-market properties in Yonkers, NY. Commercial property asks $182/SF to buy and $32.33/SF/Yr to lease.
Market Trends
Yonkers, NY spans 23.9 square miles in Westchester County, New York. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Yonkers, 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 Yonkers, 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 Yonkers, 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 Yonkers, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.6%
- Commercial 7.4%
- Industrial 3.9%
- Open space 2.1%
- Mixed use 0.7%
- Civic 0.2%
Largest Zones share of zoned land by district
Detached Single Family Dwellings On 50 Foot Lots
Two Family Dwellings On 50 Foot Lots
Detached Single Family Dwellings On 60 Foot Lots
Detached Single Family Dwellings On 100 Foot Lots
Medium Density Apartment Houses
Yonkers, NY zones 11,911 acres across 24 districts. Commercial zoning covers 7.4% of zoned land, residential 67.6%, open space 2.1% and industrial 3.9%. The largest single district is Detached Single Family Dwellings On 50 Foot Lots at 21.3%. For commercial buyers the practical constraint is that only 11.3% of land carries a commercial or industrial designation.
Medium Density Apartment Houses (M)
The purpose of this zone is to accommodate Medium Density Apartment Houses
Market overview
Demographics & Economy
Yonkers, NY has 244,533 residents in 95,980 households. Density runs 10,250 people per square mile. Median household income here is $93,237 and median gross rent $1,798 a month.
244,533
Population
95,980
Households
2.5
Avg Household Size
40
Median Age
40%
College-Educated
85%
High-School Grad
23.9 sq mi
ZIP Area
10,250
Density / Sq Mi
$93,237
Median Household Income
$54,799
Median Earnings
$1,798
Median Rent
$506,317
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alpine | — | — |
| Mount Vernon | — | — |
| Greystone Park | — | — |
| New Rochelle | — | — |
Commercial property in Yonkers, NY asks $182/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Yonkers?
Commercial property in Yonkers, NY asks an average of $182 per square foot. The 4 most recent recorded sales traded at a median of $510/SF.
How much does it cost to lease commercial space in Yonkers?
Asking lease rates in Yonkers, NY average $32.33 per square foot per year.
What zoning applies to commercial property in Yonkers?
Yonkers, NY zones 11,911 acres across 24 districts, of which 7.4% is commercial and 3.9% industrial. The largest single district is Detached Single Family Dwellings On 50 Foot Lots at 21.3% of zoned land. Residential zoning covers 67.6% and open space 2.1%.
Where does Realmo's Yonkers market data come from?
Realmo compiles Yonkers, NY figures from 7 recent recorded sales, 230 active sale listings, 76 active lease listings, 3,829 tracked off-market properties, the current Yonkers zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 230 active for-sale and 76 active for-lease listings in Yonkers, 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: 11,911 zoned acres across 24 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
