Albany, OR Commercial Real Estate for Lease and Sale

Explore 13 listings of Albany commercial real estate for lease and for sale to find the best space for your business.

37545 Century Dr NE

37545 Century Dr NE, Albany, OR
Property

Retail

1,160 SF
Year Built

1960
For Sale

$424,900
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Ground Level Office Space

3615 Spicer Drive Southeast, Albany, OR
Property

Office

3,992 SF
Availability

1 Space

3,992 SF
For Lease

$1.25/SF/MO
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Heritage Mall

1895 14th Avenue Southeast Albany, Albany, OR
Property

Retail

407,754 SF
Availability

17 Spaces

68,951 SF
For Lease Contact for pricing
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Hobby Lobby Investment Opportunity | 6.5% Cap Rate

1871 14th Ave SE, Albany, OR
Property

Other

62,100 SF
Year Built

1988
For Sale

$6,418,077
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2200 Three Lakes Road SE Albany

2200 Three Lakes Road SE Albany, Albany, OR
Property

Industrial

53,394 SF
Availability

2 Spaces

15,628 SF
For Lease

$4,184.27 - $9,360.00/MO
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Single Tenant Absolute NNN Investment Opportunity

930 Hill St SE, Albany, OR
Property

Retail

45,086 SF
Year Built

1972
For Sale

$4,500,000
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3030 Calapooia St SW

3030 Calapooia St SW, Albany, OR
Property

Industrial

131,094 SF
Availability

1 Space

131,094 SF
For Lease Contact for pricing
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3030 Calapooia St SW

3030 Calapooia St SW, Albany, OR
Property

Industrial

131,094 SF
For Sale

Call for Pricing
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Watertown Mall

1300 9th Avenue SE, Watertown, SD
Property

Retail

303,008 SF
Availability

14 Spaces

106,801 SF
For Lease Contact for pricing
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2500-2536 Santiam Hwy SE

2500 Santiam Hwy SE, Albany, OR
Property

Retail

153,964 SF
Availability

2 Spaces

2,800 SF
Year Built

1972
For Lease Contact for pricing
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The Old Library

1390 Waverly Drive SE, Albany, OR
Property

Office

4,193 SF
Availability

1 Space

4,193 SF
For Lease

$11.00/SF/YR
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804-808 Old Salem Road Northeast

804-808 Old Salem Road Northeast, Millersburg, Albany, OR
Property

Office

9,102 SF
Availability

1 Space

5,630 SF
For Lease Contact for pricing
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3939 Old Salem Rd NE

3939 Old Salem Rd NE, Millersburg, Albany, OR
Property

Office

8,800 SF
Availability

1 Space

6,581 SF
For Lease

$1.50/SF/MO
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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 Albany commercial real estate market incorporates 26,087 square feet of office space across 4 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 Albany commercial real estate market includes 864,726 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 Albany market, there is a total of 315,582 square feet of industrial property.

The listing inventory in Albany 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 Albany is represented by Retail space, which accounts for 178,552 square feet of available listings. Industrial space available in Albany adds up to 146,722 square feet.

Meanwhile, most of the listings of commercial property for sale in Albany 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.

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 Albany, depending on the property type you are interested in.

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 $11 per square foot.

The average size of a commercial property in Albany 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 Albany, the average size of an office property is 6,522 square feet.
Retail properties here incorporate an average of 288,242 square feet.
Industrial space in Albany is in buildings that are, on average 105,194 square feet in size.

Albany, OR Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Albany currently add up to 345,670 square feet. The market offers 4 active office listing(s), which amount to 20,396 square feet and account for 44% of commercial spaces on the market. Local retail availability includes 178,552 square feet across 3 retail space(s). Industrial space for rent opportunities in Albany amount to 146,722 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	4	20,396
Retail	3	178,552
Industrial	2	146,722

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 Albany, OR. Currently, there is 239,440 square feet of commercial property for sale here , which includes , 2 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	2	46,246
Industrial	1	131,094
Other	1	62,100

Albany, OR Commercial Real Estate for Lease and Sale

37545 Century Dr NE

Ground Level Office Space

Heritage Mall

Hobby Lobby Investment Opportunity | 6.5% Cap Rate

2200 Three Lakes Road SE Albany

Single Tenant Absolute NNN Investment Opportunity

3030 Calapooia St SW

3030 Calapooia St SW

Watertown Mall

2500-2536 Santiam Hwy SE

The Old Library

804-808 Old Salem Road Northeast

3939 Old Salem Rd NE

Frequently Asked Questions

Albany, OR Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Albany, OR 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 Albany, OR?

What factors affect the price of commercial real estate in Albany, OR?

What are the best areas for commercial real estate in Albany, OR?

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 Albany, OR?

Albany, OR Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us