The typical asking rate per listing is in the $20's per square foot per year. The Downtown Albany region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $168 per sqft per year. That's a 89% decrease in rent.
In the last 90 days, 14 listings have been made available, which means spaces most likley are 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 2,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 5 floors. Most buildings in this area were built in 1927 and are Class A.
This area 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.