Albany, NY Conventional Restaurants for Lease
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Conventional restaurants for Lease in Nearby Cities
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Albany, NY Conventional restaurants Lease Rates & Market Statistics
Explore 7 Conventional restaurants for lease in Albany, NY on Realmo, a commercial real estate exchange covering the Albany area. The current inventory totals 53,898 square feet of properties.
Conventional restaurants lease rates in Albany range from $2.91 SF/Yr at the entry level to $2.91 SF/Yr at the top of the market, averaging $2.91 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $2.91 SF/Yr is 97% below the New York state average of $83.37 SF/Yr.
Albany accounts for 54% of the 13 conventional restaurants currently available across Albany County, where nearby markets include Cohoes and Brooklyn. Conventional restaurants make up 37% of the 19 Restaurants currently for lease in Albany, with asking rates averaging $2.91 SF/Yr — 67% below the citywide Restaurants average of $8.83 SF/Yr. Also worth a look for tenants weighing alternatives: Coffee shops (6 listings) and Bars & Pubs (3 listings) elsewhere in the Albany market.