Binghamton, NY
Commercial Real Estate Market Trends & Data

$130 Avg asking sale price
$340 Avg asking lease rate
17,847 SF Avg unit lease size
18,232 SF Avg building size for sale
8.82% Average cap rate

Binghamton's Demographic Profile

Binghamton has 21,124 households and a median income of $41,429, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 47,156
# Households 21,124
Median age 36
Median household income $41,429
Avg household size 2.0
Renter-occupied housing units 12,878
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Binghamton, NY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Binghamton $119 28,628 SF 7.00%
Dickinson $264 11,200 SF 7.00%
Kirkwood $400 15,200 SF 7.00%
Conklin $284 15,200 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Binghamton $116 23,342 SF
Dickinson $68 27,487 SF
Johnson City $68 27,487 SF
Vestal $153 6,633 SF
Kent $185 32,437 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Binghamton $147 13,394 SF 12.00%
Johnson City $149 6,899 SF 9.62%
Vestal $83 10,236 SF 14.06%
Endicott $71 12,587 SF 14.06%

Commercial Properties For Sale in Binghamton

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Downtown Multifamily With Upside

Binghamton, NY 13901

  • 7,446 SF Multifamily
  • Auction Sale
For Sale

79 Murray St

Binghamton, NY 13905

  • 2,636 SF Multifamily
  • $430,000
For Sale

212 Court St

Binghamton, NY 13901

  • 8,568 SF Multifamily
  • $325,000
For Sale

Chatterbox

Binghamton, NY 13905

  • 5,280 SF Retail Building
  • 6.01% Cap Rate
  • $899,000
For Sale

101 Main St

Johnson City, NY 13790

  • 7,200 SF Office Building
  • $1,750,000
For Sale

Front Street Portfolio

Binghamton, NY

  • 9.53% Cap Rate
  • $2,999,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Binghamton pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Binghamton $130 18,232 SF
Dickinson $193 15,353 SF
Kirkwood $191 9,400 SF
Conklin $191 9,400 SF

Multifamily Properties For Sale in Binghamton

For Sale

74 Carroll St

Binghamton, NY 13901

  • 13,020 SF Multifamily
  • 8.18% Cap Rate
  • $1,340,000
For Sale

Multifamily Portfolio in Binghamton

Binghamton, NY

  • $1,650,000

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Binghamton, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Binghamton

View All Commercial Real Estate For Sale in Binghamton
Is Binghamton a good market for a first-time commercial real estate investor?

Binghamton offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Binghamton?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Binghamton. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Binghamton?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Binghamton. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Binghamton compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Binghamton. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Binghamton acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Binghamton, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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