The typical asking rate per listing is in the $10's per square foot per year. The Downtown Schenectady submarket is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% increase in rent.
In the last 90 days, 2 listings have come on the market, which means new availabilities 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.
Even though the median size is 3,340 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1950 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Schenectady folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.