Most listings are in the $10's per square foot per year. The Colonie submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 7 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,280 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1973 and are Class B.