Listing Agency: CBRE | Albany C***@cbre-albany.com Show Phone

Listed By: Craig Darby · License #Associate Real Estate Broker Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 15 Last Checked: Aug 20 at 6:28AM

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Investment Insights

Based on property information with market context.

Available for sublease is approximately 45,006 square feet of warehouse space. The space includes five loading docks and will be available within 30 days. The sublease runs through July 31, 2025. The property is located north of Broadway. Turn left onto Harts Lane, then left onto Elmwood Road.

Key Highlights

• ±45,006 SF of warehouse space
• Features five loading docks
• Available within 30 days

Property Analytics

Property Profile

Current Use

Raize Technical Employment Agency Mako International, LLC Loan Service TAG Solutions, LLC Tech Support Center ANS Advanced Network ... Telecommunications Service Albany Hard Money Loan Service

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Spa & Massage Center Parking Lot & Garage Electrical Service

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

$0.83 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

213

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 12204, NY

7,818

Population

4,290

Households

1.8

Avg Household Size

37

Median Age

39%

College-Educated

91%

High-School Grad

4.1 sq mi

ZIP Area

1,907

Density / Sq Mi

$75,197

Median Household Income

$48,911

Median Earnings

$1,294

Median Rent

$226,300

Median Home Value

Market

Lease Benchmarks for Menands, NY

$8.44 /SF/Yr

Avg Asking Price

$3.67–$15.83 /SF/Yr

Price Range

32,944 SF

Avg Space Size

This space is priced 35% below the average of $8.44 /SF/Yr.

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 45,006 SF warehouse space available for sublease.

Where is this warehouse located?

The property is located at 12 Elmwood Road Menands, NY.

What is the lease rate?

The lease rate is $5.50 SF/Yr.

What are key features of this property?

This property features: ±45,006 SF of warehouse space; Features five loading docks; Available within 30 days