The typical asking rate per listing is in the $10's per square foot per year. The Albany submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decline in rent.
In the last 90 days, 339 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the available leases in the Albany are subleases, so you will probably have to consider a longer term lease. 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 3,870 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1966 and are Class A.
Real time and historical data on commercial real estate listings in Albany.
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