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Professional Office Space For Lease
For Lease
$16.50 SF/Yr

7 Executive Centre Drive, Albany, NY 12203

Office suite in Corporate Plaza Office Park available for lease.

Property Size1,822 SF
Days on Market129

Property Features for 7 Executive Centre Drive

General Information

Standard status Active
Size 1,822 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 30 at 2:39AM

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 is an approximately 1,822 square foot suite within a larger approximately 4,690 square foot professional office building, situated in the Corporate Plaza Office Park. The property is located on Washington Avenue Extension, positioned between Excelsior College and Teresian House. The suite is currently configured with 5 offices and a conference room. The property features well-appointed signage, manicured outdoor areas, and parking amenities. Parking is available for approximately 25 vehicles. The location provides convenient access to UPS, USPS, and FedEx drop boxes, as well as access to CDTA transportation via Route 155. Additionally, it is located close to Pinebush Preserve walking and running trails and offers convenient access to Route 155, Western Avenue, Central Avenue, and I-87. The property is professionally owned and managed.

Key Highlights

  • Professionally owned and managed
  • Convenient location near Route 155, Western Avenue, Central Avenue, and I‑87
  • Currently built out with 5 offices and a conference room

Property Analytics

Current Use

Dorsman & Dorsman Law Firm

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store HVAC Service Storage Facility Building Supply Real Estate Agency

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
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

588
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 22% 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 suite in Corporate Plaza Office Park available for lease.
Where is this office units located?
The property is located at 7 Executive Centre Drive Albany, NY.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Professionally owned and managed; Convenient location near Route 155, Western Avenue, Central Avenue, and I‑87; Currently built out with **5 offices and a conference room**
More about this property
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