Schenectady, NY Commercial Real Estate for Lease and Sale

Explore 20 listings of Schenectady commercial real estate for lease and for sale to find the best space for your business.

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508 Union St

508 Union St, Downtown Schenectady, Schenectady, NY
Property

Mixed Use

3,952 SF
For Sale

$457,500
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670 Franklin Street

670 Franklin Street, Downtown Schenectady, Schenectady, NY
Property

Office

24,000 SF
Availability

2 Spaces

3,800 SF
Year Built

1981
For Lease

$15.50/SF/YR
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1610 Eastern Pkwy

1610 Eastern Pkwy, Union Street Area, Schenectady, NY
Property

Office

2,600 SF
Availability

1 Space

2,600 SF
Year Built

1980
For Lease

$10.00/SF/YR
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1523 State Street

1523 State Street, Woodlawn, Schenectady, NY
Property

Office

5,200 SF
Availability

1 Space

5,200 SF
Year Built

1995
For Lease

$14.00/SF/YR
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650-670 Franklin Street

650 Franklin Street, Downtown Schenectady, Schenectady, NY
Property

Office

79,733 SF
Availability

4 Spaces

11,530 SF
Year Built

1981
For Lease

$15.50/SF/YR
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508 Union St

508 Union St, Downtown Schenectady, Schenectady, NY
Property

Mixed Use

5,985 SF
Availability

1 Space

2,000 SF
For Lease

$13.75/SF/YR
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430 Franklin Street
Urban Co-Works
430 Franklin Street 2nd Floor, Schenectady, NY
Services

Virtual Office

Open Workspace

Meeting Room

Private Office
Amenities

24/7 security

Bike storage

Cleaning services

Comfortable chairs

Complimentary coffee & tea

Free water

High-speed internet

Kitchen

Mail services

Printer
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706 Kings Rd

706 Kings Rd, Woodlawn, Schenectady, NY
Property

Office

6,000 SF
Availability

1 Space

2,900 SF
For Lease

$12.50/SF/YR
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Former Schenectady Bellevue Bank Branch

502 Westinghouse Place, Bellevue, Schenectady, NY
Property

Retail

2,376 SF
Year Built

1995
For Sale

In Negotiations
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447 State St

447 State St, Downtown Schenectady, Schenectady, NY
Property

Retail

7,918 SF
Availability

1 Space

7,918 SF
For Lease

$10.00/SF/YR
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461 Clinton St. Ext.

461 Clinton St. Ext., Downtown Schenectady, Schenectady, NY
Property

Office

14,160 SF
Availability

1 Space

3,334 SF
For Lease

$15.00/SF/YR
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1764 State St

1764 State St, Woodlawn, Schenectady, NY
Property

Retail

2,706 SF
For Sale

$349,500
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1532 Union St

1532 Union St, Union Street Area, Schenectady, NY
Property

Other

4,344 SF
Availability

1 Space

4,344 SF
For Lease Contact for pricing
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707 Kings Road

707 Kings Road, Woodlawn, Schenectady, NY
Property

Industrial

88,155 SF
Availability

1 Space

3,400 SF
Year Built

1976
For Lease

$7.50/SF/YR
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1606 Eastern Parkway

1606 Eastern Pkwy, Union Street Area, Schenectady, NY
Property

Retail

4,500 SF
Availability

1 Space

1,900 SF
For Lease

$10.00/SF/YR
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140 Erie Boulevard
Capital Coworks
140 Erie Boulevard, Schenectady, NY
Services

Private Office
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Crosstown Plaza

2330 Watt Street, Woodlawn, Schenectady, NY
Property

Retail

209,000 SF
Availability

2 Spaces

14,670 SF
Year Built

1996
For Lease Contact for pricing
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432 Franklin Street
Capital Coworks
432 Franklin Street, Schenectady, NY
Services

Private Office
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620 Union Street
Fortuna
620 Union Street, Schenectady, NY
Services

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed internet

Printer

Privacy booths
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1603 Union St

1603 Union St, Union Street Area, Schenectady, NY
Property

Retail

2,706 SF
For Sale

$369,900
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Schenectady commercial real estate market incorporates 131,693 square feet of office space across 7 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Schenectady commercial real estate market includes 223,794 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Schenectady market, there is a total of 88,155 square feet of industrial property.

The listing inventory in Schenectady incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Schenectady is represented by Office space, which accounts for 29,364 square feet of available listings. Retail space available in Schenectady adds up to 24,488 square feet.

Meanwhile, most of the listings of commercial property for sale in Schenectady are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Schenectady is $14.83 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Schenectady can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Schenectady, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Schenectady is in the Downtown Schenectady neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Schenectady area.

Meanwhile, retail space opportunities are most abundant in the Woodlawn submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Woodlawn.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $15.5 per square foot. In particular, the property type commanding the highest lease rates in Schenectady was Office space.

The average size of a commercial property in Schenectady depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Schenectady, the average size of an office property is 21,949 square feet.
Retail properties here incorporate an average of 55,949 square feet.
Industrial space in Schenectady is in buildings that are, on average 88,155 square feet in size.

Schenectady, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Schenectady currently add up to 63,596 square feet. The market offers 7 active office listing(s), which amount to 29,364 square feet and account for 58% of commercial spaces on the market. Local retail availability includes 24,488 square feet across 3 retail space(s). Industrial space for rent opportunities in Schenectady amount to 3,400 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	7	29,364
Retail	3	24,488
Industrial	1	3,400
Other	1	6,344

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Schenectady, NY. Currently, there is 11,740 square feet of commercial property for sale here , which includes , 3 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Retail	3	7,788
Other	1	3,952

Schenectady, NY Commercial Real Estate for Lease and Sale

508 Union St

670 Franklin Street

1610 Eastern Pkwy

1523 State Street

650-670 Franklin Street

508 Union St

430 Franklin Street

706 Kings Rd

Former Schenectady Bellevue Bank Branch

447 State St

461 Clinton St. Ext.

1764 State St

1532 Union St

707 Kings Road

1606 Eastern Parkway

140 Erie Boulevard

Crosstown Plaza

432 Franklin Street

620 Union Street

1603 Union St

Frequently Asked Questions

Schenectady, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Schenectady, NY Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Schenectady, NY?

What factors affect the price of commercial real estate in Schenectady, NY?

What is the average rent for commercial space in Schenectady, NY?

What are the best areas for commercial real estate in Schenectady, NY?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Schenectady, NY?

Schenectady, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Popular Retail Searches

Popular Industrial Searches

About us