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Downtown is the oldest settled area of Albany, and still retains the street plan established within its 17th-century stockade. The 13-block core of the city is home to many of its major commercial buildings, some of which are themselves listed on the Register. [4] The district's boundaries were altered on May 9, 2022. 26
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
Albany (/ ˈ ɔː l b ə n i / ⓘ AWL-bə-nee) is the capital and oldest city in the U.S. state of New York, and the county seat of and most populous city in Albany County.It is located on the west bank of the Hudson River, about 10 miles (16 km) south of its confluence with the Mohawk River.
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North Albany is the site of the largest industrial area in the city of Albany, and is the most concentrated area of industry as well. Approximately 75 industrial businesses are located in the historic heart of North Albany, an area of approximately 1 square mile (2.6 km 2). Though most of those businesses tend to be small, they account for ...
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