On average, listings lease in the $20's per square foot per year. The Albany region is experiencing a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year.
In the last 90 days, 10 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available leases in the Albany are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,660 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region were built in 1977 and are Class A.
Real time and historical data on commercial real estate listings in Albany.
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