Albany, NY Shopping Centers for Lease
- East Greenbush, NY
- Rensselaer, NY
- Delmar, NY
- Troy, NY
- Glenmont, NY
- Guilderland, NY
- Newtonville, NY
- Watervliet, NY
Similar Spaces for Sale in Albany, NY
Albany, NY Shopping centers Lease Rates & Market Statistics
Explore 20 Shopping centers for lease in Albany, NY on Realmo, a commercial real estate exchange covering the Albany area. The current inventory totals 252,340 square feet of properties — an average of ~12,600 SF per listing.
Shopping centers lease rates in Albany range from $12 SF/Yr at the entry level to $14 SF/Yr at the top of the market, averaging $13 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $13 SF/Yr is 31% below the New York state average of $18.96 SF/Yr.
Albany accounts for 69% of the 29 shopping centers currently available across Albany County, where nearby markets include Delmar and Latham. Shopping centers make up 26% of the 77 Retail properties & Spaces currently for lease in Albany, with asking rates averaging $13 SF/Yr — 13% below the citywide Retail properties & Spaces average of $14.94 SF/Yr. Also worth a look for tenants weighing alternatives: Storefront properties (20 listings) and Drug stores (5 listings) elsewhere in the Albany market.
