Building Details

Building Size 150,000 SF

Listing Agency: Northside Realty, Inc a***@pyramidbrokerage.com Show Phone

Listed By: Pyramid Brokerage Albany · License #270558 Show Phone

Source: Pyramidbrokerage

Added: Sep 25, 2025 Changed: Aug 13 Last Checked: Aug 20 at 5:10AM

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Investment Insights

Based on property information with market context.

Class A office space is available in a premier downtown Albany location. Suites range in size from 1,000 to 16,000 square feet, with full floor options available. The space features upgraded finishes, multiple fiber optic providers, and an upgraded HVAC system. The property also offers a state-of-the-art fitness center on the premises, and provides views.

Key Highlights

• Premier downtown Albany location
• Class A space with upgraded finishes
• Suites available from 1,000 to 16,000 sf (full floor)

Property Analytics

Property Profile

Current Use

Lippes Mathias LLP Law Firm O'Connell & Aronowitz PC: ... Law Firm Omni Fitness Center Gym & Fitness Center Albany County Dental ... Dental Office Greenberg Traurig, LLP Law Firm

Suggested Use

Top Pick Skin Care Clinic Carpet & Flooring Store Pet Grooming Service Butcher (Bike/Boat/Book/etc) Store Catering 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

Location Intelligence

Trade Area within ½ mile

3,879

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

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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What type of property is this? Where is this office units 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?

Office units - Class A office space in downtown Albany's premier location.

Where is this office units located?

The property is located at 54 State Street Albany, NY.

What are key features of this property?

This property features: Premier downtown Albany location; Class A space with upgraded finishes; Suites available from 1,000 to 16,000 sf (full floor)