Listing Agency: Coldwell Banker Realty BK a***@pyramidbrokerage.com Show Phone

Listed By: Pyramid Brokerage Albany · License #100031379 Show Phone

Source: Pyramidbrokerage

Added: Sep 25, 2025 Changed: Jul 6 Last Checked: Aug 21 at 6:30AM

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Investment Insights

Based on property information with market context.

Located on the third floor of a 3-story building, this 22,000 square-foot office space is available for rent. The property is situated near the corner of New Karner Road. The location offers convenient access to nearby amenities, including daycare facilities, delis, dry cleaning services, and banking institutions.

Key Highlights

• 22,000 sf of space available.
• Located on the third floor of a high profile building.
• Proximity to New Karner Road.

Property Analytics

Property Profile

Current Use

OwnersChoice Funding Corporate Office

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Repair Shop Restaurant Big Box & Wholesale Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.63 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

414

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Albany, NY

$13.96 /SF/Yr

Avg Asking Price

$1.12–$30 /SF/Yr

Price Range

51,205 SF

Avg Space Size

This space is priced 25% above the average of $13.96 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - 22,000 SF office space in high-profile Albany building.

Where is this office units located?

The property is located at 1021 Watervliet Shaker Road Albany, NY.

What is the lease rate?

The lease rate is $17.50 SF/Yr.

What are key features of this property?

This property features: 22,000 sf of space available.; Located on the third floor of a high profile building.; Proximity to New Karner Road.