Albany, NY Commercial Real Estate for Lease and Sale
Explore 108 listing(s) of commercial real estate in Albany, NY to find the best space for your business.
Here is a rundown of the primary commercial real estate property types currently available in Albany:
The average rent for commercial real estate in Albany is $16.39 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Albany costs $4.5, while the city’s premium locations ask up to $34.
Office space here averages $21.73 per square foot while industrial space averages $8.03 per square foot. The variation reflects differences in property types, quality, and demand.
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
The best area for commercial real estate in Albany will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Dunes, home to no fewer than 37 listings for space of all types. If you're looking for office space, Dunes has the highest concentration of office listings at 35.
Meanwhile, Upper Washington has the highest number of industrial availabilities (3), while Downtown Albany boasts the largest number of retail listings in the city (4).
CommercialCafe’s CRE offering in Albany is enabled by a network of 55 active brokers from 33 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.
To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.
Asking rents in the city can be as high as $34 per square foot. In particular, the property type commanding the highest lease rates in Albany is Office space.
The average size of a commercial property here stands at 20,300. However, different asset classes and zoning laws will result in vastly different property sizes.
Here is a breakdown of the average size of different commercial asset classes in Albany:
Office properties:
| Property Type | Count of Listings | Total Sq. Ft. |
|---|---|---|
| Office | 49 | 810,388 |
| Retail | 14 | 81,932 |
| Industrial | 10 | 815,169 |
| Other | 1 | 18,700 |
| Property Type | Count of Listings | Total Sq. Ft. |
|---|---|---|
| Office | 9 | 305,154 |
| Retail | 11 | 163,223 |
| Industrial | 8 | 273,806 |
| Other | 8 | 191,936 |