Albany, OR
Commercial Real Estate Market Trends & Data

$196 Avg asking sale price
$187 Avg asking lease rate
47,195 SF Avg unit lease size
11,649 SF Avg building size for sale
7.52% Average cap rate

Albany's Demographic Profile

Albany has 23,113 households and a median income of $69,774, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 58,924
# Households 23,113
Median age 40
Median household income $69,774
Avg household size 3.0
Renter-occupied housing units 9,352
5-year population change +4%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Albany $194 17,379 SF 7.52%
Corvallis $220 30,520 SF 8.08%
Lebanon $153 30,415 SF 8.19%
Salem $263 17,339 SF 9.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Corvallis $162 40,843 SF 7.51%
Lebanon $253 15,520 SF 4.15%
Nearby Retail Markets Avg Cost/SF Typical Size
Albany $236 29,374 SF
Corvallis $219 11,433 SF
Independence $155 5,863 SF
Lebanon $339 13,158 SF
Salem $165 25,132 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Albany $198 4,372 SF 7.52%
Corvallis $155 72,581 SF 6.75%
Lebanon $146 32,484 SF 3.73%
Monmouth $215 19,205 SF 6.06%
Salem $203 27,848 SF 6.61%

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

1100 Old Salem Rd NE

Albany, OR 97321

  • 9,840 SF Industrial Building
  • $1,400,000
For Sale

1921-1925 SW Elm St

Albany, OR 97321

  • 3,232 SF Multifamily
  • $599,999
For Sale

300 Ellsworth St SW

Albany, OR 97321

  • 19,497 SF Retail Building
  • $3,499,000
For Sale

6123 Pacific Blvd SW

Albany, OR 97321

  • 1.02 AC Lot
  • 1 Commercial Lot
  • $895,000
For Sale

1825 14th Ave SE

Albany, OR 97322

  • 6,886 SF Retail Building
  • $750,000
For Sale

Vacant Lot

Albany, OR 97321

  • 0.36 AC Lot
  • 1 Commercial Lot
  • $250,000

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 $196 11,649 SF
Jefferson $635 2,117 SF

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 58,924 23,113 40 $69,774 3 9,352 4%
Tangent 1,142 437 43 $78,333 3 105 1%
Turner 3,072 1,138 45 $104,443 3 205 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Albany, OR 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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