On average, listings lease in the $0's per square foot per year. The Downtown Albany region is experiencing a decrease in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 2 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,600 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 10 stories. Most buildings in this market were built in 1927 and are Class A.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Albany occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.