Most listings are in the $190's per square foot per year. The Downtown Albany submarket is going through a a rise in rates. In the last 3 months, the median rate went up $190 per sqft per year. That's a Inf% increase in rent.
In the last 90 days, 9 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,590 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this region 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 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.