NAICS 53

Real Estate and Rental and Leasing in Syracuse, NY

Metro Market Score 43.9 (Moderate), ranked #174 of 330 metros. 585 establishments, 3,833 jobs.

Metro Market Score 43.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

Employment in Syracuse's real estate and rental and leasing sector grew faster than most metros last year, pushing its growth trend index to 69.1. Combined with a 43.9 market score, this metro sits in the lower half for overall conditions.

Industry Concentration

57.6

LQ: 0.83

Rank #190 of 330 metros

Wage Competitiveness

67.3

$60,566 avg wage

Growth Trend

↑ 69.1

Employment growth index

Rank #103 of 330 metros

Wage Pressure

17.2

YoY wage change index

585 Real Estate and Rental and Leasing Firms in Syracuse

585

Establishments

-3.5% YoY

3,833

Total Employment

+2.7% YoY

$60,566

Average Annual Wage

+3.7% YoY

0.83

Location Quotient

Below national avg

Within New York

#7 of 12

real estate and rental and leasing metros in state

New York state rank

#21 of 51

for real estate and rental and leasing entry risk

vs State Median

0.0

matches median (43.9)

Syracuse vs New York Statewide

How this metro's real estate and rental and leasing market compares to New York overall. The state ranks #21/51 for entry risk.

Measure	Syracuse	NY Statewide
Overall Score	43.9 Moderate	37.6 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#174 of 330 metros	#21 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Syracuse

Other Services 53.0 Accommodation and Food Services 57.6 Information 57.8 Administrative and Support Services 57.8 Retail Trade 57.9 Construction 58.5 Professional, Scientific, and Technical Services 61.4 Finance and Insurance 68.7

Real Estate and Rental and Leasing in Other New York Metros

Utica-Rome 14.1 #8/330 Glens Falls 22.3 #32/330 Kingston 34.3 #92/330 Ithaca 36.4 #109/330 Binghamton 40.2 #140/330 Elmira 43.5 #173/330 Albany-Schenectady-Troy 47.2 #193/330 Watertown-Fort Drum 50.5 #218/330 Kiryas Joel-Poughkeepsie-Newburgh 52.3 #234/330 Buffalo-Cheektowaga 54.2 #246/330

+ 1 more metros. View all in New York →

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Syracuse's 43.9 score. Useful when comparing markets with comparable entry profiles.

Morristown, TN 44.1 #175/330 Grand Junction, CO 44.2 #176/330 Homosassa Springs, FL 44.2 #177/330 Santa Cruz-Watsonville, CA 44.3 #178/330 York-Hanover, PA 44.3 #179/330 Ann Arbor, MI 44.3 #180/330 Elmira, NY 43.5 #173/330 Bloomington, IL 43.4 #172/330 Punta Gorda, FL 44.5 #181/330 Redding, CA 43.3 #171/330

Real Estate and Rental and Leasing in States Bordering New York

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Pennsylvania 24.5 #1/51 Massachusetts 27.7 #5/51 Vermont 30.1 #9/51 New Jersey 37.3 #19/51 Connecticut 45.9 #37/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Syracuse's real estate and rental and leasing sector, the wage competitiveness component (67.3) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Syracuse, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment