2024 Office Space Rent & Sales
- $20.28 2024 Avg. Asking Rent
- 3.07% Y-o-Y Avg. Asking Rent Change
- 10.78% 2024 Office Vacancy Rate
Colonie Town office price per square foot in 2024 was $20.28 on average. This marked a +3.07% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.78% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- New York Class A & A+ Office Space$59.04
- New York Class B Office Space$43.55
- New York Class C Office Space$35.67
Colonie Town, NY Office Asking Rents by Class
Office Spaces for Rent in New York
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2024 Office Construction in Colonie Town, NY
- Colonie Town, NY Total SF completed in 2024 263,000
During 2024, 263,000 square feet of new office space were delivered across the market. At the close of 2024, the Colonie Town office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 263,000 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Lear Jet Park | 2-6 Lear Jet Lane, 12110 | 54,000 | 2024 |
| 17 Plaza Drive | 17 Plaza Drive, 12110 | 81,000 | 2019 |
| Capital Region Health Park | 711 Troy Schenectady Road, 12110 | 259,943 | 2001 |
| 10A Airline Drive | 10A Airline Drive, 12205 | 60,382 | 1998 |
| 12 Petra Ln | 12 Petra Ln, 12205 | 31,000 | 1994 |
| 8 British American Blvd | 8 British American Blvd, 12110 | 51,438 | 1992 |
| 1 MARCUS BLVD | 1 MARCUS BLVD, 12205 | 32,000 | 1990 |
| 440 New Karner Rd | 440 New Karner Rd, 12205 | 7,888 | 1989 |
| 12 Century Hill Drive | 12 Century Hill Drive, 12110 | 36,924 | 1987 |
| 11 Century Hill Drive | 11 Century Hill Drive, 12110 | 36,924 | 1987 |
Worth noting among recent office completions on the Colonie Town market is Lear Jet Park, which is currently the largest new office development in the city, at 54,000 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Colonie Town commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.