Albany Commercial Real Estate

Albany

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$69
Median Size (sqft)
1,090

Albany Rates

Most listings are in the $60's per square foot per year. The Albany region is going through a an increase in rates. In the last 3 months, the median rate went up $30 per sqft per year. That's a 78% increase in rent.

Compared to the rest of the East Bay market, the Albany region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Albany Listing Supply

In the last 90 days, 21 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the office spaces 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,090 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1990 and are Class B.

Albany Community

Market Data

Real time and historical data on commercial real estate listings in Albany.
Research