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Office Space Near Major Retail
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32 Russell Rd, Albany, NY 12203

Well-connected office location with direct CDTA bus access and easy routes to regional employers and amenities.

Space Size4,002 SF - 24,208 SF
Property Size41,920 SF
Days on Market95

Property Features for 32 Russell Rd

General Information

Standard status Active
Size 4,002 SF - 24,208 SF
Property subtype Office

Additional Details

Highway Access Yes

Building Details

Building Size 41,920 SF
Year Built 1960
Tenancy Multiple

Spaces For Lease

at 32 Russell Rd Contact us

Ground Level Space

Size
24,208 SF
Availability
Active
Contact us

Main Level Space

Size
4,002 SF
Availability
Active
Contact us
Listing Agency: Carrow Real Estate Services
Listed By: Rudy Lynch · License #NY 10301200002
Source: Crexi
Added: Jun 4 Changed: Sep 5 Last Checked: Sep 4 at 8:10PM

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 Carrow Real Estate Services

Investment Insights

Based on property information with market context.

The available office space benefits from a commercial setting adjacent to established retail uses, positioning it for businesses that want convenient surroundings. The property’s immediate context includes nearby anchors such as Westgate Shopping Plaza, Price Chopper, and Home Depot.

Access is straightforward for employees and visitors, with the I-90 Everett Road exit located about a quarter mile away. The area also provides easy connections to both I-87 and I-90, and the property is described as being directly on a public CDTA bus route.

For tenants considering this space, the combination of nearby retail destinations and transit service can support day-to-day accessibility. The location is also within a short drive to the Albany Nanotech Institute and is approximately 10 minutes to Albany International Airport, which may be helpful for teams that routinely coordinate with clients, vendors, or travel schedules.

Key Highlights

  • Year built: 1960
  • Directly next door to Westgate Shopping Plaza, Price Chopper Supermarket, and Home Depot
  • About 1/4 mile to the I‑90 Everett Road exit

Property Analytics

Current Use

NorDutch Technologies, Inc. Tech Support Center Murdock Abstract Corporation Title Company Gifford Abstract Corporation Title Company

Suggested Use

Top Pick Real Estate Agency Nail Salon Building Supply Spa & Massage Center Big Box & Wholesale Store Garden Center

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

991
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

$16.92 /SF/Yr
Avg Asking Price
$13–$22.66 /SF/Yr
Price Range
52,405 SF
Avg Space Size

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Well-connected office location with direct CDTA bus access and easy routes to regional employers and amenities.
Where is this office building located?
The property is located at 32 Russell Rd Albany, NY.
What are key features of this property?
This property features: Year built: 1960; Directly next door to Westgate Shopping Plaza, Price Chopper Supermarket, and Home Depot; About 1/4 mile to the I‑90 Everett Road exit
(518) 462-7491 Call to check price and availability
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