Commercial Real Estate Listings in Albany, NY
The Albany real estate market has a lot to offer.
You will find that Office space accounts for the largest share of CRE for rent opportunities on the local market. Meanwhile, Industrial space accounts for the second-largest share of listings on the market.
Type
No. of Listings
Space Available
Office
80
4,959,258 Sq. Ft.
Retail
27
313,719 Sq. Ft.
Industrial
9
564,222 Sq. Ft.
Office
84.96%
Retail
5.37%
Industrial
9.67%
Top Locations for Commercial Space in Albany, NY
Depending on the type of space that you’re looking for, different areas of Albany may suit your needs differently.
The city’s Downtown Albany neighborhood has the highest concentration of CRE listings, offering 60 availabilities on the market.
The Sheridan Hollow neighborhood is home to the second-largest number of leasing opportunities — 40 listing(s).
At the same time, it is worth noting that the concentration of one particular type of commercial real estate in an area is a good indication of the potential of that neighborhood or submarket. For example, if you want to rent an office, consider that you will find the largest concentration of opportunities in Downtown Albany.
Neighborhood with most CRE Listings
No. of Spaces
Downtown Albany
60
Sheridan Hollow
40
Dunes
38
Neighborhood with most Office Listings
No. of Spaces
Downtown Albany
53
Sheridan Hollow
38
Dunes
38
Areas with numerous industrial properties are also more likely to be well-connected logistically. The South End Albany area is the local Albany submarket with the most listings for rent, at this time.
Retail properties can be both scattered and clustered, mostly depending on the use type and where it best fits in order to be close to the customers. In Albany, you’ll find the most such opportunities for lease to be in Downtown Albany.
Neighborhood with most Industrial Listings
No. of Spaces
South End Albany
5
Arbor Hill
2
Beverwyck
1
Neighborhood with most Retail Listings
No. of Spaces
Downtown Albany
7
Shaker - Bishop's Gate
2
Sheridan Hollow
2
Commercial Real Estate for Sale in Albany, NY
If you’re looking to invest in real estate rather than to lease, the local real estate market also has something to offer.
There are currently 763,761 square feet of commercial property for sale in Albany.
The largest investment opportunity on the local market offers 109,381 square feet of earning potential.
If you are looking to buy a smaller property, consider that local listings for sale start at 1,318 square feet.
It’s worth noting that not all sale opportunities will have a price listed, but it is easy to reach out to the property representative for more information or to schedule a tour using the contact form or the contact details available on the listing page.
Mixed-Use and Green Commercial Real Estate in Albany, NY
Mixed-use properties incorporate at least two different types of commercial real estate, which can present a series of advantages. The different real estate types in a mixed-use property can complement each other in ways that sustain mutual success. For instance, ground-floor retail spaces may benefit from the constant stream of office workers to and from the upper floors of the same building, as well as serve the surrounding community.
745 Broadway, Sheridan Hollow, Albany, NYProperty