2021 Office Space Rent & Sales
- $19.61 2021 Avg. Asking Rent
- -2.84% Y-o-Y Avg. Asking Rent Change
- 21.77% 2021 Office Vacancy Rate
Schenectady office price per square foot in 2021 was $19.61 on average. This marked a -2.84% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 21.77% across all asset classes combined.
Average Rent by Office Class
2021 Average Office Rent per Square Foot
- Schenectady Class A & A+ Office Space$20.47
- Schenectady Class B Office Space$15.35
- New York Class A & A+ Office Space$61.39
- New York Class B Office Space$35.31
- New York Class C Office Space$28.29
Schenectady, NY Office Asking Rents by Class
Coworking Spaces in New York
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2021 Office Construction in Schenectady, NY
Office building | Address | SF | Completed |
---|---|---|---|
245 Broadway | 245 Broadway, 12305 | 24,900 | 2013 |
Price Chopper Headquarters Building | 461 Nott Street, 12308 | 240,000 | 2010 |
1523 State Street | 1523 State Street, 12304 | 5,200 | 1995 |
1523 State Street | 1523 State Street, 12304 | 5,200 | 1995 |
1201 Nott Street | 1201 Nott Street, 12308 | 51,763 | 1992 |
650-670 Franklin Street | 650 Franklin Street, 12305 | 79,733 | 1981 |
600 Franklin Street | 600 Franklin Street, 12305 | 29,972 | 1981 |
670 Franklin Street | 670 Franklin Street, 12305 | 24,000 | 1981 |
1610 Eastern Pkwy | 1610 Eastern Pkwy, 12309 | 2,600 | 1980 |
1650 Eastern Pkwy | 1650 Eastern Pkwy, 12309 | 6,325 | 1975 |
Worth noting among recent office completions on the Schenectady market is 245 Broadway, which is currently the largest new office development in the city, at 24,900 square feet.
See reports for other markets
- New York City Office Rent Price
- Brooklyn Office Rent Price
- Buffalo Office Rent Price
- Colonie Town Office Rent Price
- Albany Office Rent Price
- Rochester Office Rent Price
- Syracuse Office Rent Price
- Melville Office Rent Price
- White Plains Office Rent Price
- Great Neck Office Rent Price
- Los Angeles Office Rent Price
- Seattle Office Rent Price
- Dallas Office Rent Price
- Houston Office Rent Price
- Charlotte Office Rent Price
- Miami Office Rent Price
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 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Schenectady 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.