Albany County is at the center of New York’s Capital District which includes the surrounding counties of Schenectady, Rensselaer, Washington and Saratoga. The bulk of this area is made up of the Albany-Schenectady-Troy Metropolitan Statistical Area (MSA). The area’s 2010 population was 870,716, the 4th largest MSA in New York and the 58th largest in the country. As of the census of 2010, Albany County had 304,204 people, 124,682 households with average household income of $42,935 and per capita income of $23,345. The population of the City of Albany was 97,856.
View Our Most Recent Albany County Commercial Properties Listing
During the 1990s, the State Legislature approved the $234 million “Albany Plan”, a major building and renovation project, the most ambitious building project to effect the area since the Rockefeller era.” The Albany Plan saw the initiation of renovation and new building projects around the downtown area, and the move of many state workers from the Harriman State Office Campus to downtown.
State and local governments employ nearly a quarter of the Albany area workforce, a phenomenon that has brought long-term stability to the economy. A network of service industries, especially restaurants and food stores, law firms, and related businesses, has grown up in Albany to serve the needs of government. Area colleges and universities and an extensive healthcare network also play a dominant role in the city’s economy. The presence of scientific research facilities has stimulated the growth of the high technology industries that are replacing traditional manufacturing industries. Albany NanoTech, a university-based research facility for nanotechnology that opened in 2003, received a large portion of the $1.4 billion that the state committed toward the establishment of research centers throughout New York.
Most commercial properties are bought either to house a business or to obtain rental income. Like residential properties, commercial properties range in size from small to huge and from single use to multiple units. Like residential investors, commercial investors prefer to have several units to spread the risk that the facility will be vacant for an extended period. If one tenant leaves the others remain
The value of commercial real estate is affected by a range of factors, including general business climate and location. Location for retail is in large part determined by the traffic flow and the proximity of other businesses that attract consumers. Location for industrial property is dependent upon availability of water, sewer, work force and transportation. Nowadays many businesses choose a location based upon tax considerations and the willingness of local governments to add incentives such as tax abatements for providing local jobs
You will see properties listed by a range of agents from a range of real estate companies. Call the agent directly or if you prefer call our 800 number for immediate assistance. We have agents particularly well versed in the sale and acquisition of commercial properties.
Displayed below are our newest commercial properties. If you select the price search you will see listings displayed with the higher priced properties first. In addition to our listings here you may want to consult the MLS (multiple list system) listings. To search the listings of our MLS (multiple list system) Partners click on the appropriate links in the left margin of this page. Try first the Capital Region MLS. For the Southern part of the County also try the Columbia-Greene-Northern Dutchess MLS. For listings to the East also try the Berkshire County MLS. Searching these MLS systems directly is far superior to using general search sites such as Trulia, Zillow, and Realtor.com, or sites maintained by brokers such as Weichert, Coldwell Banker or Century 21.
By going to the multiple list systems directly you get the most detailed and up-to-date information available in that specific area. Then call us with listing numbers. We can provide you with additional information about specific listings and arrange to show you any listing in these different MLS systems. We are members of all of them – a true Regional Broker.
If you have already contracted with an exclusive listing or buying agent that agent will be responsible for advising you and assisting in the negotiation of the sale. While Sellers are almost always represented by an exclusive agent, the trend toward Buyers retaining an exclusive agent is relatively new in New York State. For more information call 800-398-8802.