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Albany, New York

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Platform
Last Updated: 16-Nov-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 22.00 $ 26.00 $ 24.00 N/A N/A
Class A (Prime) $ 18.00 $ 24.00 $ 21.00 5.0% N/A
Class B (Secondary) $ 12.00 $ 16.00 $ 14.00 29.0% N/A
 
Suburban Office
New Construction (AAA) $ 16.50 $ 22.50 $ 20.00 N/A N/A
Class A (Prime) $ 16.00 $ 20.00 $ 18.00 5.0% N/A
Class B (Secondary) $ 11.00 $ 16.00 $ 14.00 14.0% N/A
 
Industrial
Bulk Warehouse $ 3.00 $ 3.00 $ 2.75 15.0% N/A
Manufacturing $ 5.50 $ 7.50 $ 5.55 12.0% N/A
High Tech / R&D $ 9.50 $ 11.50 $ 10.50 10.0% N/A
 
Retail
Downtown $ 9.00 $ 18.00 $ 13.50 N/A N/A
Neigborhood Service Centers $ 12.00 $ 16.00 $ 14.50 N/A N/A
Community Power Center $ 12.00 $ 18.00 $ 15.00 N/A N/A
Regional Malls $ 18.00 $ 35.00 $ 26.50 N/A N/A

Development Land Low () High ()
Office in CBD $ 150,000 $ 750,000
Land in Office Parks $ 150,000 $ 250,000
Land in Industrial Parks $ 75,000 $ 175,000
Office/Industrial Land - Non-park $ 60,000 $ 150,000
Retail/Commercial Land $ 150,000 $ 850,000
Residential $ 25,000 $ 125,000

 

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