For Sale
New York, NY
Commercial Real Estate Market Trends & Data
$714 per SF
Avg asking sale price
$59 per SF
Avg asking lease rate
11,232 SF
Avg unit lease size
17,134 SF
Avg building size for sale
6.67%
Average cap rate
New York's Demographic Profile
New York has 3,070,483 households and a median income of $71,116, providing context for rent absorption and tenant demand across retail and multifamily assets. A -7% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 8,039,608 |
| # Households | 3,070,483 |
| Median age | 39 |
| Median household income | $71,116 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 2,173,137 |
| 5-year population change | -7% |
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| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New York | $726 | 10,585 SF | 11.72% |
| Sunnyside | $464 | 9,407 SF | 7.31% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New York | $585 | 18,468 SF | 11.47% |
| Brooklyn | $637 | 14,967 SF | 11.47% |
| Long Island City | $531 | 23,892 SF | 7.57% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| New York | $835 | 10,230 SF |
| Brooklyn Navy Yard | $371 | 4,565 SF |
| Brooklyn Heights | $1,902 | 14,050 SF |
| Sunnyside | $695 | 3,921 SF |
| Maspeth | $553 | 8,507 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New York | $667 | 19,913 SF | 14.28% |
| Brooklyn Navy Yard | $315 | 53,484 SF | 6.47% |
| Brooklyn Heights | $1,698 | 13,195 SF | 5.26% |
| Sunnyside | $450 | 7,424 SF | 7.77% |
| Maspeth | $473 | 8,158 SF | 7.11% |
Commercial Properties For Sale in New York
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 Price 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 New York pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| New York | $714 | 17,134 SF |
| Brooklyn Navy Yard | $299 | 38,216 SF |
| Brooklyn Heights | $1,589 | 12,920 SF |
| Sunnyside | $489 | 10,248 SF |
| Maspeth | $714 | 14,285 SF |
Multifamily Properties For Sale in New York
For Sale
For Sale
Regional Demographic Comparison
This comparison places New York alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in New York or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| New York | 8,039,608 | 3,070,483 | 39 | $71,116 | 3 | 2,173,137 | -7% |
| Brooklyn Navy Yard | 47 | 21 | 38 | $199,999 | 2 | 15 | 6% |
| Sunnyside | 47,937 | 19,857 | 41 | $74,377 | 2 | 16,255 | -3% |
| Maspeth | 30,892 | 10,594 | 42 | $83,684 | 3 | 5,732 | -11% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in New York, 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 New York
View All Commercial Real Estate For Sale in New York
How does New York's cap rate environment compare to other major U.S. commercial markets?
New York cap rates are compressed relative to most major U.S. markets, reflecting the premium investors place on gateway city assets. At 6.67% average across property types, buyers are underwriting appreciation potential and occupancy stability rather than near-term cash-on-cash yield. Investors targeting higher current income will find the nearby submarket comparisons on this page useful for identifying markets where cap rates expand without significantly increasing distance from New York's demand base.
How does New York compare to nearby commercial real estate markets by property type?
New York commands a cost-per-square-foot premium across office, industrial, retail, and multifamily relative to most surrounding submarkets. The spread varies significantly by asset class, some nearby markets price at a meaningful discount while maintaining access to New York's tenant and consumer base. The property type tables on this page break down average cost per square foot and typical building sizes across nearby markets, giving investors a direct comparison before committing to a specific submarket.
How can this page support early-stage deal screening for New York acquisitions?
The benchmarks on this page, average sale price at $714 per square foot, average lease rate at $59 per square foot, and a 6.67% average cap rate, provide the filters institutional and data-driven investors use to qualify or disqualify assets before deeper underwriting. Comparing a specific listing's pricing and cap rate against these market benchmarks helps identify whether an asset is priced in line with, above, or below current New York market conditions.
Is New York a good market for a first-time commercial real estate investor?
New York is one of the most liquid commercial real estate markets in the country, but entry costs are among the highest, averaging $714 per square foot across all property types. First-time investors should review the submarket comparisons on this page carefully, as nearby markets offer lower cost-per-square-foot entry points while maintaining proximity to New York's demand fundamentals. Understanding the difference between city pricing and submarket pricing is an important first step before narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in New York?
The pricing and size benchmarks on this page give business owners a baseline for evaluating ownership against leasing in New York. At $714 per square foot to buy and $59 per square foot to lease, the gap between owning and renting is significant. Typical building sizes for sale average 17,134 SF, which helps owners assess whether available inventory aligns with their space requirements before engaging lenders or brokers.
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