On average, listings lease in the $190's per square foot per year. The Downtown Albany submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $190 per sqft per year.
In the last 90 days, 9 listings have been posted online, which means new availabilities might be 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 available, 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 region are close to 5 stories. Most buildings in this region 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 region. 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.