NAICS 53

Real Estate and Rental and Leasing in Albany-Schenectady-Troy, NY

Metro Market Score 47.2 (Moderate), ranked #193 of 330 metros. 881 establishments, 5,646 jobs.

Metro Market Score 47.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

Albany-Schenectady-Troy pairs above-average real estate and rental and leasing concentration (53.0) with positive employment growth (trend: 63.6). The market is competitive but still expanding, leaving room for well-positioned new entrants.

Industry Concentration

53.0

LQ: 0.81

Rank #175 of 330 metros

Wage Competitiveness

78.2

$65,551 avg wage

Growth Trend

↑ 63.6

Employment growth index

Rank #121 of 330 metros

Wage Pressure

17.6

YoY wage change index

881 Real Estate and Rental and Leasing Firms in Albany-Schenectady-Troy

881

Establishments

+0.5% YoY

5,646

Total Employment

+1.9% YoY

$65,551

Average Annual Wage

+4.0% YoY

0.81

Location Quotient

Below national avg

Within New York

#8 of 12

real estate and rental and leasing metros in state

New York state rank

#21 of 51

for real estate and rental and leasing entry risk

vs State Median

+3.3

worse than median (43.9)

Albany-Schenectady-Troy vs New York Statewide

How this metro's real estate and rental and leasing market compares to New York overall. The state ranks #21/51 for entry risk.

Measure	Albany-Schenectady-Troy	NY Statewide
Overall Score	47.2 Moderate	37.6 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#193 of 330 metros	#21 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Albany-Schenectady-Troy

Healthcare and Social Assistance 43.6 Accommodation and Food Services 48.4 Retail Trade 55.5 Construction 55.5 Other Services 61.4 Professional, Scientific, and Technical Services 65.1 Information 70.7 Finance and Insurance 77.9

Real Estate and Rental and Leasing in Other New York Metros

Utica-Rome 14.1 #8/330 Glens Falls 22.3 #32/330 Kingston 34.3 #92/330 Ithaca 36.4 #109/330 Binghamton 40.2 #140/330 Elmira 43.5 #173/330 Syracuse 43.9 #174/330 Watertown-Fort Drum 50.5 #218/330 Kiryas Joel-Poughkeepsie-Newburgh 52.3 #234/330 Buffalo-Cheektowaga 54.2 #246/330

+ 1 more metros. View all in New York →

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Albany-Schenectady-Troy's 47.2 score. Useful when comparing markets with comparable entry profiles.

Olympia-Lacey-Tumwater, WA 47.3 #194/330 Vallejo, CA 47.3 #195/330 Deltona-Daytona Beach-Ormond Beach, FL 47.4 #196/330 Bellingham, WA 47.1 #192/330 Bangor, ME 47.4 #197/330 Kankakee, IL 47.5 #198/330 San Luis Obispo-Paso Robles, CA 46.9 #191/330 Muncie, IN 47.6 #199/330 Kennewick-Richland, WA 46.8 #190/330 Oxnard-Thousand Oaks-Ventura, CA 47.9 #200/330

Real Estate and Rental and Leasing in States Bordering New York

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Pennsylvania 24.5 #1/51 Massachusetts 27.7 #5/51 Vermont 30.1 #9/51 New Jersey 37.3 #19/51 Connecticut 45.9 #37/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Albany-Schenectady-Troy's real estate and rental and leasing sector, the wage competitiveness component (78.2) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Albany-Schenectady-Troy, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment