Commercial Real Estate Market in Albany, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
125 active listings and 1,910 off-market properties in Albany, OR. Commercial property asks $64/SF to buy and $14.77/SF/Yr to lease.
Market Trends
Albany, OR spans 132.4 square miles in Linn County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Albany, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Albany, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Albany, OR runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Albany, OR asks $211/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.2%
- Industrial 14.7%
- Agricultural 8.6%
- Commercial 6.8%
- Mixed use 2.6%
- Civic 0.2%
Largest Zones share of zoned land by district
Residential
Residential
Open Space
Residential Medium Density
Light Industrial
Albany, OR zones 10,151 acres across 27 districts. Commercial zoning covers 6.8% of zoned land, residential 67.2% and industrial 14.7%. The largest single district is Residential at 29.8%. For commercial buyers the practical constraint is that only 21.5% of land carries a commercial or industrial designation.
Open Space (OS)
This district is intended for the continuation and preservation of existing agricultural uses, park and recreation areas, wildlife habitats, wetlands, natural areas, flood conveyance, and uses that do not involve the construction of structures other than minor accessory facilities required to conduct the principal use
Market overview
Demographics & Economy
Albany, OR has 67,439 residents in 26,657 households. Density runs 509 people per square mile. Median household income here is $80,731 and median gross rent $1,303 a month.
67,439
Population
26,657
Households
2.5
Avg Household Size
39
Median Age
29%
College-Educated
93%
High-School Grad
132.4 sq mi
ZIP Area
509
Density / Sq Mi
$80,731
Median Household Income
$44,623
Median Earnings
$1,303
Median Rent
$375,638
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Corvallis | — | — |
| Jefferson | — | — |
| Philomath | — | — |
Commercial property in Albany, OR asks $64/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Albany?
Commercial property in Albany, OR asks an average of $64 per square foot. The 5 most recent recorded sales traded at a median of $339/SF. Multifamily carries the highest asking price at $211/SF.
How much does it cost to lease commercial space in Albany?
Asking lease rates in Albany, OR average $14.77 per square foot per year.
What zoning applies to commercial property in Albany?
Albany, OR zones 10,151 acres across 27 districts, of which 6.8% is commercial and 14.7% industrial. The largest single district is Residential at 29.8% of zoned land. Residential zoning covers 67.2% and open space 0%.
Where does Realmo's Albany market data come from?
Realmo compiles Albany, OR figures from 5 recent recorded sales, 106 active sale listings, 19 active lease listings, 1,910 tracked off-market properties, the current Albany zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 106 active for-sale and 19 active for-lease listings in Albany, OR. 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: 10,151 zoned acres across 27 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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 30 September 2026 · report a data issue
