Albany, NY Commercial Real Estate for Lease - 73 Listings

Bank of America Building

69 State Street, Downtown Albany, Albany, NY
Property

Office

167,440 SF
Availability

12 Spaces

59,621 SF
Year Built

1927
For Lease

$18.00 - $26.00/SF/YR
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One Commerce Plaza

99 Washington Avenue, Sheridan Hollow, Albany, NY
Property

Office

746,052 SF
Availability

1 Space

12,670 SF
Year Built

1971
For Lease

$22.50/SF/YR
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7 Executive Centre Drive

7 Executive Centre Drive, Dunes, Albany, NY
Property

Office

36,780 SF
Availability

1 Space

1,822 SF
Year Built

1985
For Lease

$16.50/SF/YR
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Patroon Creek Medical Arts

400 Patroon Creek Blvd, Upper Washington, Albany, NY
Property

Office

161,000 SF
Availability

5 Spaces

50,411 SF
Year Built

2006
For Lease Contact for pricing
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30-32 North Russell Road

32 North Russell Road, Upper Washington, Albany, NY
Property

Office

61,920 SF
Availability

1 Space

28,210 SF
Year Built

1960
For Lease

$14.50/SF/YR
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Former CVS Location

1028 Madison Ave, Pine Hills, Albany, NY
Property

Retail

5,544 SF
Availability

1 Space

5,544 SF
Year Built

1900
For Lease Contact for pricing
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39 North Pearl Street

39 North Pearl Street, Downtown Albany, Albany, NY
Property

Office

51,365 SF
Availability

1 Space

3,665 SF
Year Built

1920
For Lease

$20.00/SF/YR
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194 Washington Avenue

194 Washington Avenue, Center Square, Albany, NY
Property

Office

103,200 SF
Availability

5 Spaces

22,564 SF
Year Built

1950
For Lease

$15.00/SF/YR
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270 Mount Hope Drive

270 Mount Hope Drive, Kenwood, Albany, NY
Property

Office

25,000 SF
Availability

1 Space

4,870 SF
Year Built

1991
For Lease

$15.00/SF/YR
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563 New Scotland Avenue

563 New Scotland Avenue, New Scotland, Albany, NY
Property

Retail

13,000 SF
Availability

1 Space

2,289 SF
For Lease Contact for pricing
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Corporate Plaza

250 Washington Ave Extension, Dunes, Albany, NY
Property

Office

18,962 SF
Availability

2 Spaces

14,733 SF
Year Built

1984
For Lease Contact for pricing
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155 Washington Avenue

155 Washington Avenue, Sheridan Hollow, Albany, NY
Property

Office

72,500 SF
Availability

2 Spaces

4,800 SF
Year Built

1959
For Lease

$19.00/SF/YR
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402 Broadway

402 Broadway, Downtown Albany, Albany, NY
Property

Other

3,795 SF
Availability

1 Space

3,795 SF
For Lease

$1,950.00/MO
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5 Columbia Circle Drive

5 Columbia Circle Drive, Dunes, Albany, NY
Property

Office

57,035 SF
Availability Contact for availability
Year Built

1993
For Lease Contact for pricing
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125 State St

125 State St, Downtown Albany, Albany, NY
Property

Office

9,616 SF
Availability

1 Space

8,898 SF
Year Built

1827
For Lease

$15.00/SF/YR
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97 Central Ave

97 Central Ave, West Hill Spirit, Albany, NY
Property

Office

55,518 SF
Availability Contact for availability
Year Built

1912
For Lease Contact for pricing
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384 Broadway

384 Broadway, Downtown Albany, Albany, NY
Property

Retail

17,408 SF
Availability

1 Space

2,700 SF
Year Built

1880
For Lease

$11.00/SF/YR
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520 Livingston Avenue

520 Livingston Ave, West Hill Spirit, Albany, NY
Property

Office

21,710 SF
Availability

1 Space

21,710 SF
For Lease

$8.00/SF/YR
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388 Broadway

388 Broadway, Downtown Albany, Albany, NY
Property

Office

16,864 SF
Availability

1 Space

4,020 SF
Year Built

1882
For Lease

$4,250.00/MO
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The Hauf Building

175 Central Avenue, West Hill Spirit, Albany, NY
Property

Office

53,676 SF
Availability

3 Spaces

6,330 SF
Year Built

2001
For Lease

$12.00 - $12.75/SF/YR
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260 Washington Avenue Extension

260 Washington Avenue Ext, Dunes, Albany, NY
Property

Office

15,000 SF
Availability

2 Spaces

8,242 SF
For Lease

$16.50/SF/YR
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145 Central Avenue

145 Central Avenue, West Hill Spirit, Albany, NY
Property

Mixed Use

34,132 SF
Availability

1 Space

18,000 SF
For Lease

$12.00/SF/YR
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146-150 State Street

146 State Street, Downtown Albany, Albany, NY
Property

Office

97,512 SF
Availability

4 Spaces

12,264 SF
Year Built

1955
For Lease

$16.50 - $23.25/SF/YR
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Corporate Plaza

254 Washington Ave Extension, Dunes, Albany, NY
Property

Office

12,726 SF
Availability Contact for availability

For Lease Contact for pricing
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14 Columbia Circle Drive

14 Columbia Circle Drive, Dunes, Albany, NY
Property

Office

32,000 SF
Availability

2 Spaces

9,773 SF
Year Built

1986
For Lease

$17.50/SF/YR
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Columbia Circle Office Park - 1 Columbia Circle Drive

1 Columbia Circle Drive, Dunes, Albany, NY
Property

Office

68,652 SF
Availability

1 Space

68,872 SF
Year Built

1991
For Lease

$16.00/SF/YR
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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 4,578,251 square feet of office space across 67 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 127,308 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 494,292 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 Office space, which accounts for 901,154 square feet of available listings. Industrial space available in Albany adds up to 122,904 square feet.

Meanwhile, most of the listings of commercial property for sale in Albany are in the Office 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 Albany is $18.28 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 Albany 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 Albany, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Albany is in the Downtown Albany neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Albany area.

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

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 $30 per square foot. In particular, the property type commanding the highest lease rates in Albany was Office space.

Conversely, the highest sale price last year was $1,750,000 that is located at 12 Metro Park Road.

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 70,435 square feet.
Retail properties here incorporate an average of 8,488 square feet.
Industrial space in Albany is in buildings that are, on average 98,859 square feet in size.

Albany, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Albany currently add up to 1,147,062 square feet. The market offers 58 active office listing(s), which amount to 901,154 square feet and account for 74% of commercial spaces on the market. Local retail availability includes 45,209 square feet across 15 retail space(s). Industrial space for rent opportunities in Albany amount to 122,904 square feet across a total of 3 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	58	901,154
Retail	15	45,209
Industrial	3	122,904
Other	2	77,795

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, NY. Currently, there is 883,568 square feet of commercial property for sale here , which includes 9 office building(s) for sale , 7 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	9	345,011
Retail	7	26,020
Industrial	2	256,300
Other	9	256,237

Albany, NY Commercial Real Estate for Lease - 73 Listings

Bank of America Building

One Commerce Plaza

7 Executive Centre Drive

Patroon Creek Medical Arts

30-32 North Russell Road

Former CVS Location

39 North Pearl Street

194 Washington Avenue

270 Mount Hope Drive

563 New Scotland Avenue

Corporate Plaza

155 Washington Avenue

402 Broadway

5 Columbia Circle Drive

125 State St

97 Central Ave

384 Broadway

520 Livingston Avenue

388 Broadway

The Hauf Building

260 Washington Avenue Extension

145 Central Avenue

146-150 State Street

Corporate Plaza

14 Columbia Circle Drive

Columbia Circle Office Park - 1 Columbia Circle Drive

Frequently Asked Questions

Albany, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Albany, NY Commercial Real Estate for Lease - 73 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

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

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

Albany, NY 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