The typical asking rate per listing is in the $30's per square foot per year. The Downtown Albany submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% increase in rent.
In the last 90 days, 14 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,750 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area 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 area. Commute by car is the most popular way to get to work amongst Downtown Albany residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.