For Sale
Binghamton, NY
Commercial Real Estate Market Trends & Data
$128
Avg asking sale price
$19
Avg asking lease rate
15,793 SF
Avg unit lease size
18,804 SF
Avg building size for sale
9.17%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Binghamton | $116 | 29,026 SF | 10.98% |
| Dickinson | $264 | 11,200 SF | 7.00% |
| Kirkwood | $396 | 15,200 SF | 7.00% |
| Conklin | $284 | 15,200 SF | 7.00% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Binghamton | $132 | 29,953 SF |
| Dickinson | $60 | 27,487 SF |
| Kirkwood | $300 | 1,500 SF |
| Conklin | $300 | 1,500 SF |
| Johnson City | $60 | 27,487 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Binghamton | $104 | 13,205 SF | 12.00% |
| Vestal | $70 | 10,090 SF | 14.06% |
| Endicott | $68 | 10,376 SF | 14.06% |
| Susquehanna | $57 | 4,800 SF | 1.09% |
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
Average Price For Sale
↻ Updated MonthlyAverage Size For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $128 | 18,804 SF |
| Dickinson | $136 | 15,353 SF |
| Kirkwood | $227 | 6,767 SF |
| Conklin | $227 | 6,767 SF |
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.
Nearby Market Trends
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