In 2022 the Albany County, NY commercial real estate market totaled 14,705,420 square feet of office spaces, 10,099,638 square feet of office spaces with retail, and 18,875,942 square feet of industrial space.
Office Spaces
Total: 14,705,420 SF
Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
| By square footage range: |
| 50k to 100k SqFt |
5,304,377 SqFt |
36.07% of total office |
| 100k to 500k SqFt |
7,677,241 SqFt |
52.21% of total office |
| 500k to 1M SqFt |
1,723,802 SqFt |
11.72% of total office |
| By class: |
| Class A |
4,676,900 SqFt |
31.8% of total office |
| Class B |
9,186,218 SqFt |
62.47% of total office |
| Class C |
268,102 SqFt |
1.82% of total office |
Roughly 11.72% of the total office space in Albany County, NY is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 36.07% of the office inventory.
Class A office space holds a 31.8% share of the overall Albany County, NY office market, while Class B office assets make up approximately 62.47%.
Industrial
Total: 18,875,942 SF
Data provided by Yardi Matrix, properties over 50k SF
| By square footage range: |
| 50k to 100k SqFt |
6,079,594 SqFt |
32.21% of total industrial |
| 100k to 500k SqFt |
7,591,168 SqFt |
40.22% of total industrial |
| 500k to 1M SqFt |
2,625,596 SqFt |
13.91% of total industrial |
| > 1M SqFt |
2,579,584 SqFt |
13.67% of total industrial |
| By class: |
| Class A |
1,121,367 SqFt |
5.94% of total industrial |
| Class B |
15,773,779 SqFt |
83.57% of total industrial |
| Class C |
1,439,976 SqFt |
7.63% of total industrial |
There are 7,591,168 square feet of commercial real estate properties between 100k to 500k square feet, representing 40.22% of the Albany County, NY industrial inventory. Class A assets total 1,121,367 square feet of industrial space, with an additional 15,773,779 square feet of Class B and 1,439,976 square feet of Class C properties.
Office Spaces with Retail
Total: 10,099,638 SF
Data provided by Yardi Matrix, properties over 50k SF
| By square footage range: |
| 50k to 100k SqFt |
1,461,690 SqFt |
14.47% of total office with retail |
| 100k to 500k SqFt |
4,636,057 SqFt |
45.9% of total office with retail |
| 500k to 1M SqFt |
1,129,575 SqFt |
11.18% of total office with retail |
| > 1M SqFt |
2,872,316 SqFt |
28.44% of total office with retail |
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