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Albany’s Industrial Rent Growth Expected To Retreat to Pre-Pandemic Levels This Year

Elevated Levels of New Supply Has Kept Vacancy Flat Despite Steady Leasing Activity in 2023
By Brian Fineran
CoStar Analytics
January 30, 2024 | 4:26 P.M.

Industrial rent growth has been strong in the Albany, New York, region over the past few years, reaching an all-time high annual rate of 9.4% during the third quarter of 2022.

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