Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 2018
Building Area
Land Area

Property Description

Roughly 150 miles north of New York City, Albany developed on the west bank of the Hudson River, about 10 miles south of its confluence with the Mohawk River. Albany constitutes the economic and cultural core of the Capital District of New York State, which comprises the Albany-Schenectady-Troy, NY Metropolitan Statistical Area, including the nearby cities and suburbs of Troy, Schenectady, and Saratoga Springs. The Capital District is the third-most populous metropolitan region in the state.

Investment Highlights

Albany's economy, along with that of the Capital District in general, is heavily dependent on government, health care, education, and more recently, technology. Because of these typically steady economic bases, the local economy has been relatively immune to national economic recessions in the past. More than 25 percent of the city's population works in government-related positions. Albany's estimated daytime population is more than 162,000. Companies based in Albany include Trans World Entertainment and Clough Harbour. Albany has the fourth highest amount of lawyers in its employment pool (7.5 lawyers per 1,000 jobs) compared to the rest of the nation, behind Washington, D.C., Trenton, New Jersey, and New York City, respectively.

Stephen Mellon
Stephen Mellon
Managing Director, Capital Markets
Brian Somoza
Brian Somoza
Managing Director, Capital Markets
Licensed in
01510519

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.