Albany, NY Flex Space for Lease
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Similar Spaces for Sale in Albany, NY
Albany, NY Flex space Lease Rates & Market Statistics
Explore 22 Flex space listings for lease in Albany, NY on Realmo, a commercial real estate exchange covering the Albany area. The current inventory totals 241,145 square feet of properties — an average of ~10,950 SF per listing.
Flex space lease rates in Albany range from $2.88 SF/Yr at the entry level to $17 SF/Yr at the top of the market, averaging $11.36 SF/Yr. That's a 6x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $11.36 SF/Yr is 50% below the New York state average of $22.95 SF/Yr.
Albany accounts for 52% of the 42 flex space listings currently available across Albany County, where nearby markets include Latham and Colonie. Flex space listings make up 49% of the 45 Industrial properties currently for lease in Albany, with asking rates averaging $11.36 SF/Yr — 21% above the citywide Industrial properties average of $9.36 SF/Yr. Also worth a look for tenants weighing alternatives: Other industrial properties (13 listings) and Distribution centers (3 listings) elsewhere in the Albany market.