Most listings are in the $20's per square foot per year. The Capital District region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
In the last 90 days, 3 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 67% of the listings in the Capital District are subleases, so you might be able to snag a great spot on a short term. 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 4,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1926 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Capital District folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.