Albany, NY Office Buildings for Lease
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Albany, NY Office buildings Lease Rates & Market Statistics
Explore 70 Office buildings for lease in Albany, NY on Realmo, a commercial real estate exchange covering the Albany area. The current inventory totals 4,002,944 square feet of properties — an average of ~57,200 SF per listing.
Office buildings lease rates in Albany range from $12.35 SF/Yr at the entry level to $25 SF/Yr at the top of the market, averaging $17.22 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $17.22 SF/Yr is 54% below the New York state average of $37.31 SF/Yr.
Albany accounts for 84% of the 83 office buildings currently available across Albany County, where nearby markets include Colonie and Latham. Office buildings make up 33% of the 215 Office Spaces currently for lease in Albany, with asking rates averaging $17.22 SF/Yr — 14% above the citywide Office Spaces average of $15.16 SF/Yr. Also worth a look for tenants weighing alternatives: Office Units (154 listings) and Medical Office Space (18 listings) elsewhere in the Albany market.
