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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: 9-Nov-2010		 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 $ 25.00 $ 25.00 N/A N/A
Class A (Prime) $ 19.00 $ 25.00 $ 22.00 10.0% N/A
Class B (Secondary) $ 12.00 $ 18.00 $ 15.00 33.0% N/A
 
Suburban Office
New Construction (AAA) $ 19.00 $ 24.00 $ 22.50 N/A N/A
Class A (Prime) $ 16.00 $ 20.00 $ 10.00 N/A N/A
Class B (Secondary) $ 10.00 $ 16.00 $ 14.00 N/A N/A
 
Industrial
Bulk Warehouse $ 2.00 $ 2.75 $ 2.25 N/A N/A
Manufacturing $ 3.75 $ 6.50 $ 5.15 N/A N/A
High Tech / R&D $ 7.50 $ 10.50 $ 9.00 N/A N/A
 
Retail
Downtown $ 10.00 $ 18.00 $ 13.00 N/A N/A
Neigborhood Service Centers $ 12.00 $ 16.00 $ 14.50 N/A N/A
Community Power Center $ 15.00 $ 20.00 $ 18.00 N/A N/A
Regional Malls $ 20.00 $ 36.00 $ 26.00 N/A N/A

Development Land Low () High ()
Office in CBD $ 150,000 $ 500,000
Land in Office Parks $ 175,000 $ 275,000
Land in Industrial Parks $ 115,000 $ 200,000
Office/Industrial Land - Non-park $ 130,000 $ 150,000
Retail/Commercial Land $ 150,000 $ 850,000
Residential $ 30,000 $ 130,000

 

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