On average, listings lease in the $20's per square foot per year. The Capital District submarket is going through a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 10% rise in rent.
In the last 90 days, 3 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,650 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market 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 occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.