On average, listings lease in the $20's per square foot per year. The Albany submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 33% decrease in rent.
In the last 90 days, 59 listings have been posted online, so you'll want to check back regularly for new listings. About 51% of the available space in the Albany are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,040 sqft. Most buildings in this area are around 3 floors. Most buildings in this region were built in 1966 and are Class A.