Most listings are in the $20's per square foot per year. The Downtown Albany region is seeing a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 33% rise in rent.
In the last 90 days, 14 listings have come on the market, which means office spaces most likley are 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 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 buildings in this region are approximately 5 floors. Most buildings in this area were built in 1927 and are Class A.
This region 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.