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.
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.
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.