The typical asking rate per listing is in the $190's per square foot per year. The Downtown Albany region is experiencing a a rise in rates. In the last 3 months, the median rate went up $172 per sqft per year. That's a 967% rise in rent.
In the last 90 days, 9 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,590 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 5 stories. Most buildings in this area 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 area. 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.