Albany is the capital of New York and the seat of Albany County. Located at the crossroads of two of the Northeast’s busiest interstate highways and along the historic Hudson River, Albany is made up of commercial districts and unique neighborhoods that make Albany an urban center of residential, commercial and institutional activity.
With its location in central New York and proximity to many large metros, Albany is one of the most prominent logistics markets in the state, outside of New York City and Long Island. The metro supports 47 million SF of logistics space, nearly double the amount of specialized industrial and flex space combined. Most of the metro's premier assets are located to the north of the central business district along its major roads, Interstates 90, 87 and 787, and various rail routes.
The area surrounding Albany, referred to as the Capital Region, consists of eight counties: Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren, and Washington. At 5,333 square miles, the Capital Region is almost the size of Connecticut. A longtime leader in technological advancement, the region is at the front of New York’s economy, ranking high in both productivity and patenting. Getting around the Capital Region is easy, with three major interstate highways running as well as Albany International Airport offering national carrier and regional commuter air and freight service. Railway freight and passenger services are provided by CSX Corp., CP Rail Systems, and Amtrak. The deepwater Port of Albany is located 126 nautical miles north of New York City; Great Lakes ports are accessible via the NY State Canal System.
More than 1 million people call the Capital Region home, and a third of the population over 25 years old has a bachelor’s degree or higher. Residents enjoy living in communities that are close to where they work; the average commute is just 24 minutes. Median home prices and rents are below the national average while the median family income is above that average. The area also has the state’s second-highest per capita personal income. On top of these economic opportunities, there are also numerous entertainment and recreational ones, including sporting events or concerts at the Times Union Center, performing arts at SPAC and Proctors Theatre, as well as the Catskill Park and Lake George region.