Troy, NY
Commercial Real Estate Market Trends & Data

$136 Avg asking sale price
$16 Avg asking lease rate
14,684 SF Avg unit lease size
31,210 SF Avg building size for sale
9.05% Average cap rate

Troy's Demographic Profile

Troy has 20,755 households and a median income of $47,601, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 50,367
# Households 20,755
Median age 33
Median household income $47,601
Avg household size 2.0
Renter-occupied housing units 14,010
5-year population change -1%

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

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Troy $52 87,086 SF 8.50%
Eagle Mills $52 87,086 SF 8.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Troy $209 8,631 SF
Eagle Mills $209 8,631 SF
Brunswick $249 3,786 SF
Lansingburg $251 4,123 SF
Watervliet $119 4,920 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Troy $143 8,762 SF 8.25%
Eagle Mills $176 10,442 SF 8.25%
Rensselaer $188 5,742 SF 9.11%

Commercial Properties For Sale in Troy

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

719 Second Ave

Troy, NY 12182

  • 1,269 SF Retail Building
  • 9.00% Cap Rate
  • $549,000
For Sale

Capitol Mechanics, Inc.

Troy, NY 12182

  • 4,946 SF Retail Building
  • $499,000
For Sale

200 Northern Dr

Troy, NY 12182

  • 3,024 SF Retail Building
  • $349,000
For Sale

150 4th St

Troy, NY 12180

  • 9,142 SF Multifamily
  • 6.67% Cap Rate
  • $2,200,000
For Sale

55 3rd St

Troy, NY 12180

  • 17,650 SF Specialty
  • $989,000
For Sale

30 White St

Cohoes, NY 12047

  • 2,808 SF Office Building
  • $375,000

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

The 3 Most Common Types of Commercial Leases
The 3 Most Common Types of Commercial Leases
Understanding Gross, Net, and Percentage Lease Structures and Their Impact on Your Business
Cash on Cash Return
Cash on Cash Return
Learn How Cash on Cash Return Can Optimize Your Real Estate Investments
Office Space Calculator
Office Space Calculator
Estimate How Much Space Your Team Really Needs
How to Buy a Church Building
How to Buy a Church Building
Learn the essential steps for evaluating, purchasing, and converting religious facilities into profitable investments
Balloon Payment Calculator
Balloon Payment Calculator
Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.
Types of Commercial Real Estate Investment Properties
Types of Commercial Real Estate Investment Properties
Understanding commercial properties and their investment potential
Raw Land vs. Unimproved Land
Raw Land vs. Unimproved Land
Learn the essential differences between raw and unimproved land to make informed commercial real estate decisions.
Starbucks Real Estate
Starbucks Real Estate
Top Starbucks Real Estate Listings: What Makes These Properties Prime Investments

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Troy $136 31,210 SF
Eagle Mills $188 33,138 SF
Brunswick $200 5,549 SF
Lansingburg $205 27,869 SF
Green Island $89 17,174 SF

Regional Demographic Comparison

This comparison places Troy 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 Troy or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Troy 50,367 20,755 33 $47,601 2 14,010 -1%
Lansingburg 13,220 5,839 43 $53,718 2 2,692 -3%
Green Island 2,392 1,223 38 $69,550 2 911 -7%

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

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

Troy 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 Troy?

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

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

How does Troy compare to nearby commercial real estate markets?

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

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Troy, 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 Cities
Commercial Market Reports