Albany, NY Commercial Real Estate for Lease and Sale

Explore 110 listing(s) of commercial real estate in Albany, NY to find the best space for your business.

CRE Market FAQs

339 Central Avenue

339 Central Avenue, West Hill Spirit, Albany, NY
Property Type

Other
For Sale

$1,199,998
Property size 7,183 SF
View Details
22 Clinton Ave

22 Clinton Ave, Sheridan Hollow, Albany, NY
Property Type

Office
For Sale

$1,990,000
Built in 1927 / Property size 16,966 SF
View Details
Vatrano Industrial Park

8 Vatrano Road, Upper Washington, Albany, NY
Space Type

Industrial
For Lease

$2,500.00 - $5,500.00/MO
3 spaces available / 3,000 - 7,700 SF
View Details
204 Lancaster St

204 Lancaster St, Center Square, Albany, NY
Property Type

Retail
For Sale

$649,000
Built in 1930 / Property size 4,123 SF
View Details

Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Albany:
- Office Space: The market includes 3,517,083 square feet of office spaces in addition to 113 coworking locations.
- Retail Space: Between malls, restaurants and stores, Albany is home to 559,894 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 1,668,878 square feet of available space in Albany.
The average rent for commercial real estate in Albany is $16.41 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 $8.25 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):
- Class A/A+ properties have an average size of 115,735 square feet.
- Class B properties are sized 69,889 square feet, on average.
- Class C properties span an average of 43,138 square feet.
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 34.

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 56 active brokers from 35 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 18,700. 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:
- Average size: 66,361 square feet.
- Largest property: 32 Russell Road (28,210 square feet).
Retail properties:
- Average size: 25,450 square feet.
- Largest property: Free Standing Existing Building (21,344 square feet).
Industrial properties:
- Average size: 87,836 square feet.
- Largest property: 38 Corporate Circle (1,813,000 square feet).

Albany, NY Commercial Space Listings

Commercial Space for Lease - Breakdown

The 74 listings for commercial real estate currently available for rent in Albany add up to 3,359,801 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	48	626,719
Retail	14	100,997
Industrial	11	2,613,385
Other	1	18,700

Office properties:

The market has 48 active office listings, encompassing 626,719 square feet.
Albany office spaces currently listed on CommercialCafe represent 64% of the total commercial real estate market in Albany, compared to an average of 39% across all markets tracked by CommercialCafe.

Retail Space:

There are 14 retail listings available, adding up to a total of 100,997 square feet.
Retail spaces account for approximately 18% of the local commercial market, while the average share taken up by retail in all U.S. markets is 34%.

Industrial Space:

The industrial market in Albany offers 11 listings, amounting to 2,613,385 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 14% of the total commercial space available in the market, compared to a nationwide average of 25%.

The data presented in this section was last updated as of September 10, 2026

Commercial Space for Sale - Breakdown

There are currently 34 properties listed for sale in the Albany market, adding up to 845,241 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

7 office properties
11 retail properties
8 industrial properties

The data presented in this section was last updated as of September 10, 2026

Property Type	Count of Listings	Total Sq. Ft.
Office	7	224,532
Retail	11	217,425
Industrial	8	291,022
Other	8	112,262

Albany, NY Commercial Real Estate for Lease and Sale

339 Central Avenue

22 Clinton Ave

Vatrano Industrial Park

204 Lancaster St

Frequently Asked Questions

Albany, NY Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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