Ithaca, NY Commercial Real Estate for Lease and Sale

Explore 32 listings of Ithaca commercial real estate to find the best space for your business.

NY, Ithaca - East State St
Regus
125 East State Street, Ithaca, NY
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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Shops at Ithaca

40 Catherwood Rd, Lansing, Ithaca, NY
Property

Retail

622,920 SF
Year Built

1976
For Sale

Subject To Offer
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139 Dryden Road

139 Dryden Road, Collegetown, Ithaca, NY
Property

Retail

1,000 SF
For Sale

$220,000
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903 Hanshaw Rd

903 Hanshaw Rd, Cayuga Heights, Ithaca, NY
Property

Retail

51,495 SF
Year Built

1959
For Sale

$225,000
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Land
511 Cayuga St N

511 Cayuga St N, Fall Creek, Ithaca, NY
Property

Mixed Use

8,432 SF
Year Built

1963
For Sale Contact for pricing
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Shops at Ithaca

40 Catherwood Rd, Lansing, Ithaca, NY
Property

Retail

622,920 SF
Availability

5 Spaces

313,318 SF
Year Built

1976
For Lease Contact for pricing
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Shops at Ithaca Mall

40 Catherwood Road, Lansing, Ithaca, NY
Property

Retail

622,187 SF
Availability

20 Spaces

109,156 SF
For Lease Contact for pricing
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2415 N Tripahammer Rd

2415 N Triphammer Rd, Lansing, Ithaca, NY
Property

Office

1,700 SF
Availability

1 Space

1,700 SF
For Lease Contact for pricing
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158 State St E

158 State St E, Downtown Ithaca, Ithaca, NY
Property

Retail

6,670 SF
Year Built

1862
For Sale

$450,000
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1458 Slaterville Rd

1458 Slaterville Rd, East Ithaca, Ithaca, NY
Property

Multi-Family

3,308 SF
For Sale

$560,000
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Former Pizza Hut Property

2301 Triphammer Road North, Lansing, Ithaca, NY
Property

Retail

3,003 SF
For Sale

$995,000
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31 Dutch Mill Rd

31 Dutch Mill Rd, Ithaca, NY
Property

Office

13,294 SF
For Sale

$1,100,000
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1636 Shore Drive East

1636 Shore Drive East, Lansing, Ithaca, NY
Property

Retail

6,488 SF
For Sale

$995,000
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406 Eddy Street

406 Eddy Street, Collegetown, Ithaca, NY
Property

Retail

36,000 SF
For Sale

$245,000
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158 State St E

158 State St E, Downtown Ithaca, Ithaca, NY
Property

Retail

6,670 SF
Year Built

1862
For Sale

$2,795,000
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806-810 Buffalo St W

806-810 Buffalo St W, Northside Triangle Inlet Island, Ithaca, NY
Property

Retail

5,827 SF
Year Built

1898
For Sale

$1,395,000
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130 Seneca Street East

130 SENECA STREET EAST, Downtown Ithaca, Ithaca, NY
Property

Retail

102,333 SF
Availability

5 Spaces

12,322 SF
For Lease

$14.00 - $38.48/SF/YR
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416 East State Street
Foundry
416 East State Street, Ithaca, NY
Services

Open Workspace

Meeting Room

Dedicated Desk
Amenities

High-speed internet

Kitchen

Natural light

TV/Monitor
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131 E. Green Street

131 E. Green Street, Downtown Ithaca, Ithaca, NY
Property

Multi-Family

1 SF
For Sale

Subject To Offer
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21 Dutch Mill Rd

21 Dutch Mill Rd, Ithaca, NY
Property

VacantLand

2.41 Acre
Availability

1 Space

2.41 Acre
Year Built

2008
For Lease Contact for pricing
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409 College Avenue

409 College Avenue, Belle Sherman, Ithaca, NY
Property

Retail

24,673 SF
Availability

1 Space

5,856 SF
For Lease

$59.00/SF/YR
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TRIPHAMMER ROAD NORTH

TRIPHAMMER ROAD NORTH, Lansing, NY
Property

VacantLand

7.7 Acre
For Sale

$595,000
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139 Chestnut St

139 Chestnut St, West Hill, Ithaca, NY
Property

Multi-Family

58,320 SF
For Sale

$5,500,000
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1429 Danby Road

1429 Danby Rd, Ithaca, NY
Property

Industrial

3,000 SF
Availability

1 Space

3,000 SF
For Lease

$12.00/SF/YR
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420 State St W

420 State St W, Downtown Ithaca, Ithaca, NY
Property

Retail

9,752 SF
For Sale

$925,000
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798 Cascadilla Street

798 Cascadilla Street, Northside Triangle Inlet Island, Ithaca, NY
Property

Office

18,271 SF
For Sale

$4,490,000
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2 Ascot Place

2 Ascot Place, Lansing, Ithaca, NY
Property

Office

4,137 SF
Availability

1 Space

2,900 SF
For Lease

$24.00/SF/YR
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133 State Street East

133 State Street East, Belle Sherman, East Ithaca, NY
Property

Retail

61,800 SF
Availability

1 Space

5,448 SF
For Lease Contact for pricing
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201 Tompkins St E

201 Tompkins St E, Fall Creek, Ithaca, NY
Property

Retail

3,073 SF
Availability

1 Space

3,073 SF
For Lease

$21.61/SF/YR
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684 Third Street

684 Third Street, Northside Triangle Inlet Island, Ithaca, NY
Property

VacantLand

1.78 Acre
For Sale

$1,900,000
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0 Slaterville Road & 0 Park Lane

0 Slaterville Road & 0 Park Lane, East Ithaca, Ithaca, NY
Property

VacantLand

7.7 Acre
For Sale

$599,900
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704 Buffalo St W

704 Buffalo St W, Northside Triangle Inlet Island, Ithaca, NY
Property

Retail

7,030 SF
Availability

1 Space

2,192 SF
For Lease

$15.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Ithaca commercial real estate market incorporates 24,108 square feet of office space across 4 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Ithaca commercial real estate market includes 2,193,841 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Ithaca market, there is a total of 3,000 square feet of industrial property.

The listing inventory in Ithaca incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Ithaca is represented by Retail space, which accounts for 451,365 square feet of available listings. Office space available in Ithaca adds up to 4,600 square feet.

Meanwhile, most of the listings of commercial property for sale in Ithaca are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Ithaca is $19.08 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Ithaca can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Ithaca, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Ithaca is in the Downtown Ithaca neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Northside Triangle Inlet Island area.

Meanwhile, retail space opportunities are most abundant in the Downtown Ithaca submarket.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $24 per square foot.

The average size of a commercial property in Ithaca depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Ithaca, the average size of an office property is 8,036 square feet.
Retail properties here incorporate an average of 129,050 square feet.
Industrial space in Ithaca is in buildings that are, on average 3,000 square feet in size.

Ithaca, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Ithaca currently add up to 563,945 square feet. The market offers 3 active office listing(s), which amount to 4,600 square feet and account for 25% of commercial spaces on the market. Local retail availability includes 451,365 square feet across 7 retail space(s). Industrial space for rent opportunities in Ithaca amount to 3,000 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	3	4,600
Retail	7	451,365
Industrial	1	3,000
Other	1	104,980

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Ithaca, NY. Currently, there is 905,104 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 10 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	2	31,565
Retail	10	749,825
Other	7	123,714

Ithaca, NY Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Ithaca, NY?

What factors affect the price of commercial real estate in Ithaca, NY?

What is the average rent for commercial space in Ithaca, NY?

What are the best areas for commercial real estate in Ithaca, NY?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Ithaca, NY?

Ithaca, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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