The typical asking rate per listing is 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 increased $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 greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 21 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 market are approximately 2 floors. Most buildings in this area were built in 1990 and are Class B.
Real time and historical data on commercial real estate listings in Albany.
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