Albany, NY
Commercial Real Estate Market Trends & Data

$202 Avg asking sale price
$18 Avg asking lease rate
21,280 SF Avg unit lease size
34,192 SF Avg building size for sale
8.44% Average cap rate

Albany's Demographic Profile

Albany has 41,172 households and a median income of $53,144, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 97,615
# Households 41,172
Median age 33
Median household income $53,144
Avg household size 2.0
Renter-occupied housing units 27,298
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Albany, NY

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Albany $107 50,767 SF 8.50%
Menands $75 49,770 SF 8.20%
Nearby Retail Markets Avg Cost/SF Typical Size
Albany $342 10,017 SF
Colonie $2,039 15,039 SF
Latham $383 7,412 SF
Slingerlands $637 3,536 SF
Watervliet $119 4,920 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Albany $123 32,406 SF 9.11%
Rensselaer $188 5,742 SF 9.11%
Eagle Mills $176 10,442 SF 8.25%

Commercial Properties For Sale in Albany

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

519 Clinton Ave

Albany, NY 12206

  • 3,376 SF Office Building
  • $300,000
For Sale

178 Columbia Tpke

Rensselaer, NY 12144

  • 1,480 SF Retail Building
  • $199,000
For Sale

TURNKEY RESTAURANT & BAR FOR SALE!

Voorheesville, NY 12186

  • 4,976 SF Retail Building
  • $1,695,000
For Sale

136 Fuller Rd

Albany, NY 12205

  • 266,412 SF Industrial Building
  • $17,300,000
For Sale

8 John Street

Rensselaer, NY 12144

  • 2,560 SF Multifamily
  • 8.10% Cap Rate
  • $289,000
For Sale

81 Ten Broeck St

Albany, NY 12210

  • 3,186 SF Multifamily
  • 9.11% Cap Rate
  • $774,900

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Albany pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Albany $202 34,192 SF
Colonie $746 97,564 SF
Menands $73 49,770 SF
Latham $456 81,790 SF

Multifamily Properties For Sale in Albany

For Sale

5 Apartments and 2 Retial Spaces

Albany, NY 12207

  • 11,479 SF Multifamily
  • 6.26% Cap Rate
  • $1,140,000
For Sale

Hinckel Brewery Apartments

Albany, NY 12202

  • 90,386 SF Multifamily
  • 7.22% Cap Rate
  • $8,999,000

Regional Demographic Comparison

This comparison places Albany alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Albany or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Albany 97,615 41,172 33 $53,144 2 27,298 -1%
Loudonville 9,998 4,029 48 $122,687 2 476 -1%
Colonie 7,379 3,118 45 $95,639 2 679 -2%
Menands 4,643 2,124 39 $74,295 2 1,343 2%
Latham 21,667 8,316 42 $93,485 2 2,352 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Albany, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Albany

View All Commercial Real Estate For Sale in Albany
Is Albany a good market for a first-time commercial real estate investor?

Albany offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Albany?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Albany. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Albany?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Albany. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Albany compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Albany. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Albany acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Albany, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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