Albany, NY Office Spaces for Lease
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Albany, NY Office Spaces Lease Rates & Market Statistics
Explore 215 Office Spaces for lease in Albany, NY on Realmo, a commercial real estate exchange covering the Albany area. The current inventory totals 9,813,854 square feet of properties — an average of ~45,650 SF per listing.
Office Spaces lease rates in Albany range from $1.65 SF/Yr at the entry level to $30 SF/Yr at the top of the market, averaging $15.16 SF/Yr. That's a 18x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $15.16 SF/Yr is 51% below the New York state average of $31.13 SF/Yr.
Albany accounts for 67% of the 322 office spaces currently available across Albany County, where nearby markets include Latham and Colonie. By space type, the market includes 154 office units, 70 office buildings and 18 medical office space listings — office units typically offer the lowest entry point, while medical office space commands the highest rates.