The typical asking rate per listing is in the $10's per square foot per year. The Colonie submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 34 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Colonie 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,980 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1973 and are Class B.
Real time and historical data on commercial real estate listings in Colonie.
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