Downtown Albany Office Space

Downtown Albany

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
1,800
As of: March 12, 2017

Downtown Albany Rates

Most listings are in the $20's per square foot per year. The Downtown Albany submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 33% increase in rent.

Downtown Albany Listing Supply

In the last 90 days, 14 listings have been listed, which means listings 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,800 sqft. Most properties in this area are close to 5 floors. Most buildings in this region were built in 1927 and are Class A.

Downtown Albany Community

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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Albany.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Albany.
Research