Syracuse, NY
Commercial Real Estate Market Trends & Data

$156 Avg asking sale price
$620 Avg asking lease rate
31,433 SF Avg unit lease size
26,542 SF Avg building size for sale
9.55% Average cap rate

Syracuse's Demographic Profile

Syracuse has 58,946 households and a median income of $39,544, 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 145,464
# Households 58,946
Median age 33
Median household income $39,544
Avg household size 2.0
Renter-occupied housing units 39,228
5-year population change -2%

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

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Syracuse $97 41,370 SF 7.92%
Salina $101 57,624 SF 7.43%
Eastwood $91 22,455 SF 7.92%
Nearby Retail Markets Avg Cost/SF Typical Size
Syracuse $132 18,952 SF
Geddes $180 27,056 SF
Salina $100 24,109 SF
Eastwood $173 16,958 SF
Mattydale $49 10,764 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Syracuse $99 15,680 SF 15.69%
Geddes $90 25,557 SF 12.64%
Salina $131 16,248 SF 7.35%
Camillus $67 34,629 SF 8.00%

Commercial Properties For Sale in Syracuse

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

Napa Portfolio

  • Retail Building
  • 6.93% Cap Rate
  • $15,789,854
For Sale

405 Pond St

Syracuse, NY 13208

  • 2,000 SF Retail Building
  • $359,000
For Sale

115 Game Rd

Syracuse, NY 13210

  • 5,609 SF Industrial Building
  • $500,000
For Sale

102 W Elm St

Fayetteville, NY 13066

  • 1,710 SF Retail Building
  • $224,900
For Sale

5774 South Bay Road, Cicero, New York

Cicero, NY 13039

  • 3 AC Lot
  • 1 Commercial Lot
  • $750,000
For Sale

Owner Will Consider All Reasonable Offers

Syracuse, NY 13210

  • 6,670 SF Office Building
  • $1,300,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Syracuse $111 26,542 SF
Solvay $89 23,474 SF
Geddes $132 21,835 SF
Salina $107 37,458 SF
Eastwood $122 19,197 SF

Multifamily Properties For Sale in Syracuse

For Sale

Eljay Development Project

Syracuse, NY 13204

  • 21,280 SF Multifamily
  • 8.53% Cap Rate
  • $2,050,000

Regional Demographic Comparison

This comparison places Syracuse 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 Syracuse or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Syracuse 145,464 58,946 33 $39,544 2 39,228 -2%
Solvay 6,790 3,013 39 $56,604 2 1,413 -1%
Geddes 13,064 5,751 43 $60,423 2 1,823 -2%
Eastwood 15,631 7,343 40 $52,662 2 3,682 -3%

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

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

Syracuse 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 Syracuse?

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

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

How does Syracuse compare to nearby commercial real estate markets?

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

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