Albany, NY Office Units for Lease
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Albany, NY Office Units Lease Rates & Market Statistics
Explore 150 Office Units for lease in Albany, NY on Realmo, a commercial real estate exchange covering the Albany area. The current inventory totals 6,694,077 square feet of properties — an average of ~44,650 SF per listing.
Office Units 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 $13.73 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 $13.73 SF/Yr is 56% below the New York state average of $31.26 SF/Yr.
Albany accounts for 62% of the 242 office units currently available across Albany County, where nearby markets include Latham and Colonie. Office Units make up 66% of the 227 Office Spaces currently for lease in Albany, with asking rates in line with the citywide Office Spaces average. Also worth a look for tenants weighing alternatives: Office buildings (85 listings) and Medical Office Space (17 listings) elsewhere in the Albany market.