The typical asking rate per listing is in the $20's per square foot per year. The Albany submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $21 per sqft per year.
In the last 90 days, 10 listings have come on the market, which means listings are probably 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 need to consider the implications of signing a direct lease with the building. 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 new listings below 2,000 sqft. Most buildings in this market were built in 1977 and are Class A.
Real time and historical data on commercial real estate listings in Albany.
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