Utica, NY
Commercial Real Estate Market Trends & Data

$100 Avg asking sale price
$2,033 Avg asking lease rate
11,549 SF Avg unit lease size
26,709 SF Avg building size for sale
9.06% Average cap rate

Utica's Demographic Profile

Utica has 24,749 households and a median income of $42,025, 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 61,471
# Households 24,749
Median age 37
Median household income $42,025
Avg household size 2.0
Renter-occupied housing units 13,908
5-year population change -2%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Utica $125 17,164 SF 6.50%
New York Mills $431 17,114 SF 6.50%
New Hartford $404 11,705 SF 6.50%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Utica $80 49,134 SF 12.00%
Yorkville $83 55,739 SF 7.97%
Nearby Retail Markets Avg Cost/SF Typical Size
Utica $114 17,426 SF
Deerfield $145 4,300 SF
Schuyler $85 7,029 SF
Marcy $93 20,374 SF
Yorkville $131 11,936 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Utica $148 10,446 SF 10.34%
Schuyler $118 11,000 SF 10.34%
Sauquoit $9 90,000 SF 7.58%

Commercial Properties For Sale in Utica

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

1410 Lincoln Avenue, Darman Manufacturing Co

Utica, NY 13502

  • 24,980 SF Industrial Building
  • $979,900
For Sale

Papa Charlie’s BBQ & 14 Efficiency Apartments

Utica, NY 13502

  • 11,000 SF Multifamily
  • 10.34% Cap Rate
  • $1,300,000
For Sale

Kay Music Plaza

Utica, NY 13501

  • 14,560 SF Retail Building
  • 12.00% Cap Rate
  • $1,200,000
For Sale

Griffin's Pub

Utica, NY 13502

  • 7,733 SF Retail Building
  • $799,900
For Sale

8 & 15 St. Stanislaus Street

New York Mills, NY 13417

  • 9,892 SF Multifamily
  • $1,070,000
For Sale

Pugliese Pest Control

Utica, NY 13502

  • 8,582 SF Flex Building
  • $799,000

Average Price For Sale

↻ Updated Monthly

Average Price 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 Utica pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Utica $100 26,709 SF
Deerfield $135 3,150 SF
Schuyler $96 53,034 SF
Marcy $80 20,846 SF
Yorkville $104 32,969 SF

Regional Demographic Comparison

This comparison places Utica 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 Utica or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Utica 61,471 24,749 37 $42,025 2 13,908 -2%
Yorkville 2,575 1,125 39 $55,785 2 425 -3%

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

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

Utica 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 Utica?

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

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

How does Utica compare to nearby commercial real estate markets?

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

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