Albany, NY Office Spaces for Lease
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- Rensselaer, NY
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Albany, NY Office Spaces Lease Rates & Market Statistics
Explore 227 Office Spaces for lease in Albany, NY on Realmo, a commercial real estate exchange covering the Albany area. The current inventory totals 9,930,357 square feet of properties — an average of ~43,750 SF per listing.
Office Spaces lease rates in Albany range from $1.65 SF/Yr at the entry level to $27 SF/Yr at the top of the market, averaging $14.24 SF/Yr. That's a 16x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $14.24 SF/Yr is 56% below the New York state average of $32.72 SF/Yr.
Albany accounts for 67% of the 337 office spaces currently available across Albany County, where nearby markets include Latham and Colonie. By space type, the market includes 150 office units, 85 office buildings and 17 medical office space listings — office units typically offer the lowest entry point, while office buildings command the highest rates.