Schenectady, NY
Commercial Real Estate Market Trends & Data

$188 Avg asking sale price
$3,068 Avg asking lease rate
21,687 SF Avg unit lease size
25,787 SF Avg building size for sale
6.67% Average cap rate

Schenectady's Demographic Profile

Schenectady has 27,863 households and a median income of $51,377, providing context for rent absorption and tenant demand across retail and multifamily assets. A +5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 67,766
# Households 27,863
Median age 37
Median household income $51,377
Avg household size 2.0
Renter-occupied housing units 16,475
5-year population change +5%

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

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Schenectady $114 7,912 SF 7.10%
Rotterdam $98 9,720 SF 7.10%
Nearby Retail Markets Avg Cost/SF Typical Size
Schenectady $301 5,819 SF
Scotia $661 11,945 SF
Rotterdam $325 6,316 SF
East Glenville $205 4,540 SF
Glenville $385 6,659 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Schenectady $277 25,459 SF 5.07%
Ballston Lake $353 15,535 SF 5.07%
Albany $123 32,406 SF 9.11%

Commercial Properties For Sale in Schenectady

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

CVS Pharmacy 17 Year NNN Lease - No Kickouts

Scotia, NY 12302

  • 11,945 SF Retail Building
  • 5.50% Cap Rate
  • $7,900,000
For Sale

Prime Commercial Development Opportunity

Schenectady, NY 12302

  • 0.94 AC Lot
  • 1 Commercial Lot
  • $599,900
For Sale

38-40 N Broadway

Schenectady, NY 12305

  • 7,500 SF Retail Building
  • $250,000
For Sale

864 Burdeck St

Schenectady, NY 12306

  • 6,820 SF Office Building
  • $550,000
For Sale

402 Union St

Schenectady, NY 12305

  • 4,200 SF Retail Building
  • $1,200,000
For Sale

3108 Carman Rd

Schenectady, NY 12303

  • 6,000 SF Industrial Building
  • 7.10% Cap Rate
  • $949,000

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 Schenectady pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Schenectady $188 25,787 SF
Scotia $932 11,945 SF
Rotterdam $185 26,801 SF
East Glenville $135 43,847 SF
Glenville $183 36,720 SF

Regional Demographic Comparison

This comparison places Schenectady 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 Schenectady or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Schenectady 67,766 27,863 37 $51,377 2 16,475 5%
Scotia 7,097 3,172 42 $76,763 2 1,016 3%
Rotterdam 21,775 9,409 42 $78,050 2 2,263 5%
East Glenville 7,478 3,052 44 $86,097 2 999 6%
Glenville 28,725 11,963 45 $89,832 2 3,135 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Schenectady, 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 Schenectady

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

Schenectady 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 Schenectady?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Schenectady. 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 Schenectady?

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

How does Schenectady compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Schenectady. 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 Schenectady acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Schenectady, 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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