Albany, New York, is a prime location for Retail Space For Lease, offering a unique blend of history, culture, and commerce. With a population of around 100,000, Albany is an attractive destination for businesses, hosting Fortune 500 companies and serving as the de facto seat of Tech Valley. The city's strategic location, situated about 150 miles north of New York City along the Hudson River, 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. Additionally, the Port of Albany-Rensselaer serves domestic and international ships and barges, while the New York State Barge Canal is utilized by tourist and private boats. This infrastructure, combined with the presence of institutions of higher education, such as Albany Medical College, Albany Law School, and the University at Albany (SUNY Albany), makes Albany an ideal location for Retail Space For Lease.
With 63 Retail Space For Lease available, Albany offers a range of options for businesses. The average annual rent per square foot is $18 USD, with sizes ranging from 500 square feet to 65,000 square feet. In addition to Retail Space, Albany is also home to a variety of other property types, including Restaurants, Medical Offices, and Office Space. Restaurants in Albany can be found in popular neighborhoods like Center Square and the South End, while Medical Offices are often located near hospitals like Albany Medical Center and St. Peter's Hospital. Office Space is also available in various locations throughout the city, including downtown Albany and the surrounding suburbs. Overall, Albany's diverse economy, rich history, and cultural attractions make it an attractive location for businesses of all types.
What is the average cost per square foot for retail space in Albany?
The average cost per square foot for retail space in Albany is $18 USD per square foot, with available listings totaling 63 and average space sizes ranging from 5,056 square feet to 65,000 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as major department stores or supermarkets, can significantly impact surrounding retail space leases in Albany, as they attract a high volume of foot traffic and create a draw for other businesses, leading to increased demand and potentially higher lease rates, with the average annual rent per square foot currently at $18 USD and average space size at 5,056 square feet, and a maximum space size of 65,000 square feet available among the 63 listings.
