2023 Office Space Rent & Sales
- $19.68 2023 Avg. Asking Rent
- 9.12% 2023 Office Vacancy Rate
Colonie Town office price per square foot in 2023 was $19.68 on average. The local office market recorded an average vacancy rate of 9.12% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- New York Class A & A+ Office Space$64.56
- New York Class B Office Space$36.62
- New York Class C Office Space$45.97
Colonie Town, NY Office Asking Rents by Class
Office Spaces for Rent in New York
Coworking Spaces in New York
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2023 Office Construction in Colonie Town, NY
- Colonie Town, NY Total SF under construction in 2024 317,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| Lear Jet Park | Lear Jet Lane - New Construction - 3 Buildings, 12110 | 54,000 | 2024 |
| 17 Plaza Drive | 17 Plaza Drive, 12110 | 54,000 | 2020 |
| 14 Petra Lane | 14 Petra Lane, 12205 | 10,000 | 2020 |
| Airport Park - 25 British American Blvd | 25 British American Blvd, 12110 | 111,888 | 2006 |
| Airport Park - 43 British American Blvd | 43 British American Blvd, 12110 | 39,536 | 2003 |
| Airport Park - 29 British American Blvd | 29 British American Blvd, 12110 | 39,891 | 2002 |
| Capital Region Health Park | 711 Troy Schenectady Road, 12110 | 259,943 | 2001 |
| Airport Park - 40 British American Blvd | 40 British American Blvd, 12110 | 61,000 | 2001 |
| Airport Park - 23 British American Blvd | 23 British American Blvd, 12110 | 38,880 | 2000 |
| Airport Park - 12 Cornell Road | 12 Cornell Road, 12110 | 37,000 | 1999 |
Worth noting among recent office completions on the Colonie Town market is Lear Jet Park, which is currently the largest new office development in the city, at 54,000 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Colonie Town commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.