Albany, NY Commercial Real Estate for Lease and Sale

Explore 122 listings of Albany commercial real estate to find the best space for your business.

274 Delaware Avenue

274 Delaware Avenue, Delaware Area, Albany, NY
Property

Retail

2,657 SF
Availability

1 Space

2,657 SF
Year Built

1988
For Lease Contact for pricing
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The Yard: Hatchet House & Bar

16 Sheridan Ave, Sheridan Hollow, Albany, NY
Property

Retail

109,381 SF
Year Built

1900
For Sale

$289,000
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412 Broadway

412 Broadway, Downtown Albany, Albany, NY
Property

Retail

36,852 SF
Availability

1 Space

1,381 SF
Year Built

2015
For Lease

$1,600.00/MO
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37 Maiden Ln

37 Maiden Ln, Downtown Albany, Albany, NY
Property

Retail

8,624 SF
Availability

1 Space

1,503 SF
Year Built

1890
For Lease Contact for pricing
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956 Western Ave

956 Western Ave, Eagle Hill, Albany, NY
Property

Office

1,389 SF
Availability

1 Space

1,389 SF
Year Built

1950
For Lease

$16.00/SF/YR
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418 Broadway

418 Broadway, Downtown Albany, Albany, NY
Property

Office

12,360 SF
Availability

1 Space

2,800 SF
Year Built

1845
For Lease

$3,500.00/MO
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52-54 N Pearl St

52 N Pearl St, Sheridan Hollow, Albany, NY
Property

Multi-Family

10,570 SF
Year Built

1920
For Sale

$1,198,000
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11 Spring Street

11 SPRING STREET, Center Square, Albany, NY
Property

Multi-Family

3,552 SF
For Sale

$475,000
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783 Madison Ave

783 Madison Ave, Pine Hills, Albany, NY
Property

Retail

3,228 SF
For Sale

$574,998
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555 Patroon Creek Blvd

555 Patroon Creek Blvd, Upper Washington, Albany, NY
Property

Office

52,500 SF
Year Built

2008
For Sale

$10,670,000
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781 Madison Ave

781 Madison Ave, Pine Hills, Albany, NY
Property

Retail

4,700 SF
For Sale Contact for pricing
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581 Central Ave

581 Central Ave, South End Albany, Albany, NY
Property

Retail

10,555 SF
Availability

1 Space

10,555 SF
Year Built

1999
For Lease Contact for pricing
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26 Corporate Circle

26 Corporate Circle, Dunes, Albany, NY
Property

Office

53,940 SF
Year Built

2004
For Sale

$5,800,000
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569 Delaware Avenue

569 Delaware Avenue, Delaware Area, Albany, NY
Property

Retail

5,072 SF
For Sale

$525,000
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240 Washington Avenue Extension

240 Washington Avenue Ext, Dunes, Albany, NY
Property

Office

25,288 SF
Availability Contact for availability

For Lease Contact for pricing
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230 WASHINGTON AV EXT

230 WASHINGTON AV EXT, Dunes, Albany, NY
Property

Office

22,828 SF
Availability

2 Spaces

4,909 SF
Year Built

1932
For Lease

$14.00/SF/YR
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35 Commerce Avenue

35 Commerce Avenue, South End Albany, Albany, NY
Property

Industrial

70,000 SF
Availability

2 Spaces

61,320 SF
For Lease

$5.95 - $6.95/SF/YR
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52 James Street

52 James Street, Sheridan Hollow, Albany, NY
Property

Office

27,000 SF
Availability

4 Spaces

10,123 SF
For Lease

$16.50/SF/MO
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Albany commercial real estate market incorporates 4,959,258 square feet of office space across 80 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Albany commercial real estate market includes 313,719 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Albany market, there is a total of 564,222 square feet of industrial property.

The listing inventory in Albany incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Albany is represented by Office space, which accounts for 1,010,369 square feet of available listings. Industrial space available in Albany adds up to 227,439 square feet.

Meanwhile, most of the listings of commercial property for sale in Albany are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Albany is $16.5 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Albany can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Albany, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Albany is in the Downtown Albany neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Albany area.

Meanwhile, retail space opportunities are most abundant in the Downtown Albany submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in South End Albany.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $27.2 per square foot. In particular, the property type commanding the highest lease rates in Albany was Office space.

Conversely, the highest sale price last year was $1,750,000 that is located at 12 Metro Park Road.

The average size of a commercial property in Albany depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Albany, the average size of an office property is 64,406 square feet.
Retail properties here incorporate an average of 14,939 square feet.
Industrial space in Albany is in buildings that are, on average 70,528 square feet in size.

Albany, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Albany currently add up to 1,381,843 square feet. The market offers 69 active office listing(s), which amount to 1,010,369 square feet and account for 73% of commercial spaces on the market. Local retail availability includes 70,035 square feet across 18 retail space(s). Industrial space for rent opportunities in Albany amount to 227,439 square feet across a total of 7 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	69	1,010,369
Retail	18	70,035
Industrial	7	227,439
Other	0	74,000

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Albany, NY. Currently, there is 775,256 square feet of commercial property for sale here , which includes 12 office building(s) for sale , 11 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	12	355,723
Retail	11	148,543
Industrial	2	41,564
Other	8	229,426

Albany, NY Commercial Real Estate for Lease and Sale

274 Delaware Avenue

The Yard: Hatchet House & Bar

412 Broadway

37 Maiden Ln

956 Western Ave

418 Broadway

52-54 N Pearl St

11 Spring Street

783 Madison Ave

555 Patroon Creek Blvd

781 Madison Ave

581 Central Ave

26 Corporate Circle

569 Delaware Avenue

240 Washington Avenue Extension

230 WASHINGTON AV EXT

35 Commerce Avenue

52 James Street

Frequently Asked Questions

Albany, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Albany, NY Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Albany, NY?

What factors affect the price of commercial real estate in Albany, NY?

What is the average rent for commercial space in Albany, NY?

What are the best areas for commercial real estate in Albany, NY?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Albany, NY?

Albany, NY Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us