Downtown Albany Commercial Real Estate

Downtown Albany

Market Report

Number of Listings
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,420

Downtown Albany Rates

On average, listings lease in the $10's per square foot per year. The Downtown Albany region is experiencing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 11% rise in rent.

Downtown Albany Listing Supply

In the last 90 days, 74 listings have been listed, so you'll want to check back regularly for new listings. About 12% of the available leases in the Downtown Albany are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,420 sqft. Most buildings in this market are close to 5 floors. Most buildings in this area were built in 1927 and are Class A.

Downtown Albany Community

This market is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Albany folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

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