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Corporate Plaza Office Suites
For Lease
$17.50 SF/Yr

250 Washington Avenue Extension, Albany, NY 12203

Office suites for lease in Corporate Plaza office park.

Property Size14,733 SF
Days on Market129

Property Features for 250 Washington Avenue Extension

General Information

Standard status Active
Size 14,733 SF
Property subtype Office
Listing Agency: CBRE | Albany
Listed By: Dan Simpson · License #Associate Real Estate Broker
Source: Cbre
Added: Mar 25 Changed: Jul 6 Last Checked: Jul 24 at 5:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Albany

Investment Insights

Based on property information with market context.

Available for lease are office suites located within the Corporate Plaza office park. The property features a ±5,448 square foot first-floor suite and a ±9,285 square foot second-floor suite, situated in a two-story building with a total area of ±25,000 square feet. The location is on Washington Avenue Extension, positioned between Excelsior College and Teresian House. The property benefits from professional management, updated common areas, well-appointed signage, and manicured outdoor areas. Parking is available for approximately 100 vehicles. Transportation options include access to CDTA Route 155. Additionally, the property is located close to Pinebush Preserve walking and running trails. Easy access to UPS, USPS, and FedEx drop boxes is available, along with a passenger elevator.

Key Highlights

  • Professionally owned and managed
  • Ample parking for ±100 vehicles
  • Two office suites available: ±5,448 SF (first floor) and ±9,285 SF (second floor)

Property Analytics

Current Use

Milliman Insurance Agency Affordable Dentures Albany Dental Office

Suggested Use

Top Pick Restaurant Spa & Massage Center Auto Parts Store Real Estate Agency Parking Lot & Garage Storage Facility

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

601
Businesses Nearby

Demographics for 12203, NY

28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value

Market

Lease Benchmarks for Albany, NY

$13.51 /SF/Yr
Avg Asking Price
$0.66–$25 /SF/Yr
Price Range
29,771 SF
Avg Space Size

This space is priced 30% above the average of $13.51 /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
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Frequently Asked Questions

What type of property is this?
Office units - Office suites for lease in Corporate Plaza office park.
Where is this office units located?
The property is located at 250 Washington Avenue Extension 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: Professionally owned and managed; Ample parking for ±100 vehicles; Two office suites available: ±5,448 SF (first floor) and ±9,285 SF (second floor)
More about this property
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