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.
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.
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.
Real time and historical data on commercial real estate listings in Downtown Albany.
Get email notifications when new listings are posted that match your requirements.