Real Estate Market in Ithaca, NY
Tourism has helped the economy of Ithaca, NY a great deal and as a result the housing market has flourished quite nicely here. With the characteristics of a small American town, Ithaca still has big business come through and is considered a prime spot for beautiful land with great scenery.
As of 2016, downtown Ithaca currently has a low vacancy rate, extremely high rents, and an ability to readily absorb new housing units in the real estate marketplace.
Real estate investors overall find Ithaca to be an attractive spot (both physically and ROI-wise) and often keep an eye on the area for future real estate investment opportunities. Because of this, the commercial real estate market in Ithaca is quite healthy.