Commercial Real Estate Market in Albany, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
160 active listings and 3,591 off-market properties in Albany, GA. Commercial property asks $78/SF to buy and $5.09/SF/Yr to lease.
Market Trends
Albany, GA spans 401.1 square miles in Dougherty County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Albany, GA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Albany, GA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Albany, GA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Albany, GA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 51%
- Residential 20.8%
- Commercial 10%
- Mixed use 9.8%
- Agricultural 6.4%
- Planned_development 2.1%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Restricted Industrial District
Single And Two Family Residential
Commercial District
Albany, GA zones 35,574 acres across 31 districts. Commercial zoning covers 10% of zoned land, residential 20.8% and industrial 51%. The largest single district is Single Family Residential at 14.3%. For commercial buyers the practical constraint is that only 60.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Albany, GA has 92,364 residents in 43,524 households. Density runs 230 people per square mile. Median household income here is $48,312 and median gross rent $935 a month.
92,364
Population
43,524
Households
2.1
Avg Household Size
38
Median Age
23%
College-Educated
85%
High-School Grad
401.1 sq mi
ZIP Area
230
Density / Sq Mi
$48,312
Median Household Income
$34,716
Median Earnings
$935
Median Rent
$132,025
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Radium Springs | — | — |
| Putney | — | — |
| Baconton | — | — |
| Leesburg | — | — |
Commercial property in Albany, GA asks $78/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Albany?
Commercial property in Albany, GA asks an average of $78 per square foot. The 7 most recent recorded sales traded at a median of $136/SF.
How much does it cost to lease commercial space in Albany?
Asking lease rates in Albany, GA average $5.09 per square foot per year.
What zoning applies to commercial property in Albany?
Albany, GA zones 35,574 acres across 31 districts, of which 10% is commercial and 51% industrial. The largest single district is Single Family Residential at 14.3% of zoned land. Residential zoning covers 20.8% and open space 0%.
Where does Realmo's Albany market data come from?
Realmo compiles Albany, GA figures from 8 recent recorded sales, 144 active sale listings, 16 active lease listings, 3,591 tracked off-market properties, the current Albany zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 144 active for-sale and 16 active for-lease listings in Albany, GA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 35,574 zoned acres across 31 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
