Albany, NY Conventional Restaurants for Lease
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Albany, NY Conventional restaurants Lease Rates & Market Statistics
Explore 10 Conventional restaurants for lease in Albany, NY on Realmo, a commercial real estate exchange covering the Albany area. The current inventory totals 174,272 square feet of properties — an average of ~17,450 SF per listing.
Conventional restaurants lease rates in Albany range from $2.91 SF/Yr at the entry level to $39.12 SF/Yr at the top of the market, averaging $14.98 SF/Yr. That's a 13x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $14.98 SF/Yr is 78% below the New York state average of $69.67 SF/Yr.
Albany accounts for 77% of the 13 conventional restaurants currently available across Albany County, where nearby markets include Cohoes and Colonie. Conventional restaurants make up 48% of the 21 Restaurants currently for lease in Albany, with asking rates averaging $14.98 SF/Yr — 10% above the citywide Restaurants average of $13.65 SF/Yr. Also worth a look for tenants weighing alternatives: Coffee shops (6 listings) and Bars & Pubs (5 listings) elsewhere in the Albany market.