The typical asking rate per listing is in the $60's per square foot per year. The Albany submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the East Bay market, the Albany submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 167% of the office spaces in the Albany are subleases, so you might be able to find a shorter term or below market rent. 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 1,090 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1983 and are Class B.