Albany, New York, offers a unique blend of history, culture, and commerce, making it an ideal location for Office Space For Lease. With its strategic position along the Hudson River, Albany provides easy access to major transportation hubs, including Albany International Airport, the Albany-Rensselaer Amtrak station, and the Capital District Transportation Authority (CDTA) bus service. This connectivity, combined with its strong economy, driven by finance, technology, and state government, creates a thriving business environment. The city is home to numerous Fortune 500 companies, including American Express, J.P. Morgan and Chase, and General Electric, making it an attractive location for businesses. Additionally, Albany's institutions of higher education, such as Albany Medical College, Albany Law School, and the University at Albany (SUNY Albany), provide a skilled workforce and a rich cultural landscape.
With 82 Office Space listings available For Lease, Albany offers a range of options for businesses. The average annual rent per square foot is $18 USD, with sizes ranging from 50 square feet to 109,000 square feet. In addition to Office Space, Albany also offers Coworking Space, ideal for startups and entrepreneurs, as well as Flex Space, Medical Offices, and Retail Space, catering to various business needs. The city's diverse economy, strong infrastructure, and rich cultural scene make it an attractive location for businesses, with attractions like Washington Park, Lincoln Park, and the Albany Institute of History and Art, providing a unique blend of work and play.
What is the average size of office space for lease in the Albany market?
The average size of office space for lease in the Albany market is 8,993 square feet, with a total of 82 available listings and an average annual rent of $18 USD per square foot, making it an attractive option for businesses looking to establish or expand their presence in the city.
Are there different types of office space leases available?
In Albany, New York, there are various types of office space leases available to cater to different business needs, including:
- Short-term leases, ideal for startups or temporary projects, which can range from a few months to a year, with an average annual rent of $18 USD per square foot.
- Long-term leases, suitable for established companies, which can span 5-10 years, offering stability and potential for customization, with an average size of 8,993 square feet.
- Flexible or shared office spaces, perfect for freelancers, entrepreneurs, or small teams, which provide amenities like coworking areas, meeting rooms, and networking opportunities, with maximum space sizes reaching up to 109,000 square feet.
