Most listings are in the $20's per square foot per year. The Downtown Albany region is going through a decline in rates. In the last 3 months, the median rate decreased $168 per sqft per year. That's a 89% decline in rent.
In the last 90 days, 10 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,080 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 5 floors. 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 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.