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Albany, NY Insightsas of Oct 2026
Population size
100 K People
Population growth
0.5%
Age distribution
0-14: 16.9%
15-24: 20%
25-44: 30%
45-64: 20%
65+: 12.2% percent
15-24: 20%
25-44: 30%
45-64: 20%
65+: 12.2% percent
Household size
2.00 People
Household composition
Families: 48%
Non-families: 52%; Married couples: 30%
Single-parent: 18% percent
Non-families: 52%; Married couples: 30%
Single-parent: 18% percent
Education level
High school or higher: 91.3%
Bachelor's or higher: 39.5% percent
Bachelor's or higher: 39.5% percent
Median household income
61,986 USD/year
Employment rate
63.3 %
Job growth
2.3 %
Dominant industries
Government, Education/Health, Technology, Retail
Cost of living index
104.9 index
Retail sales per capita
22,188 USD/year
Disposable income
30,000 USD/year
Spending behavior by category - apparel, dining, electronics
Apparel: 4%, Dining: 6%, Electronics: 2% percent of total spending
Existing retail mix
Grocery 25%, Apparel 15%, Electronics 10%, Dining 20%, General Merchandise 30% percent
Number of competitors
500 stores
Market saturation
85 percent
Presence of anchor tenants
Yes, Macy's, Target, Walmart
Foot traffic from nearby businesses
Moderate, 1,000-5,000 daily visitors/day
Rent costs
25 USD/sqm/month
Property values
200 USD/sqm
Zoning laws
Mixed-use zones allow retail in commercial districts
Business permits
30-60 days
Availability of retail space
5 SQM
Proximity to major roads
High, I-87 and I-90 access
Public transportation access
Good, CDTA bus network
Parking availability
Ample in malls and street parking downtown
Pedestrian traffic
10,000 pedestrians/day
Vehicle traffic
50,000 vehicles/day
Public transport accessibility
70 percent coverage
Commute times
20.0 minutes
Work patterns
9-5 office hours, remote 20%
Shopping preferences
Convenience and local brands preferred
Brand affinity
Loyal to national chains like Target, local preferences for independents
Consumer loyalty
60 percent
Entertainment and leisure trends
Outdoor activities, cultural events, dining out
Crime statistics
Violent: 800, Property: 3,500 per 100,000 incidents/100,000 people
Shoplifting rates
200 incidents/100,000 people
Public safety measures
Police patrols, CCTV in retail areas
Tourist spending
150 USD/visitor
Tourist footfall
500,000 visitors/year
Major local events
Tulip Festival, Alive at Five, Capitol Concerts
Seasonal attractions
Fall foliage, winter holidays, summer festivals
E-commerce penetration
15 %
Click-and-collect adoption
25 %
Local preference for in-store shopping
70 %
Total retail space
500,000 sqm
Retail space per capita
4.9 sqm/person
Projected growth in retail space
2 %
Retail leakage rate
20 %
Sustainable retail demand
High for eco-friendly options
Major upcoming retail projects
Colonie Center expansion, New mixed-use developments
Grocery market share distribution - Top 3 retailers & market share
Price Chopper: 35%, Hannaford: 25%, Walmart: 20% percent
Consumer spending patterns
Essential goods 50%, Discretionary 30%, Savings 20% percent
Grocery expenditure trends
Increasing 3% annually percent/year
Luxury retail performance
Moderate, growing 1.5% percent/year
Top mall shopping preferences
Colonie Center, Crossgates Mall for variety
Shopping trips to other cities - % of residents
15 percent
Key drivers for mall visits
Entertainment, dining, one-stop shopping
Preferred brand categories - Luxury fashion, Value fashion, etc.
Value fashion 60%, Luxury 10%, Mid-range 30% percent
Number of existing malls
3 malls
Total retail footfall - annual visits across malls
5,000,000 sqm
Retail market gaps
Limited luxury, more experiential retail needed
Trade area population
900,000 people
Retail potential in catchment area
High, underserved suburbs
Projected retail growth rate
2.5 %
Preferred mall layouts
Open-air lifestyle centers preferred
Public transport access
Good via bus routes to malls
Walkability score
50 index
Road infrastructure & car access
Excellent highway network
Parking capacity in comparable malls
5,000 spaces
Surrounding land use & future developments
Mixed residential/commercial, urban renewal projects
Retail Destinations in Albany, NY
Browse 3 retail destinations in Albany, NY, United States. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Albany, NY at a Glance
- Total Properties3
- CountryUnited States
