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NYC Residents Moved to the Capital Region and Albany in the Pandemic


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The Capital Region of New York has seen a 214% increase in people relocating from the city and elsewhere.
The influx of new residents has led to a housing shortage and apartments being rented sight unseen.
Newcomers love the livability, location, and opportunity to get twice the space for half the cost.
Last summer, real-estate developer Redburn Development received 2,000 showing requests for just 93 units at its latest redevelopment project, the Kenmore Apartments, an 1878 Victorian building located in Albany, New York.
The building opened in fall 2020, and the rate of initial inquiries were more than double the requests for other newly available properties pre-pandemic, Jeff Buell, principal at Redburn Development, told Insider. He added that a lot of the building s interest was fueled by New York City residents looking ....

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Coworking interest rises as some Capital Region offices remain closed


Coworking interest rises as some Capital Region offices remain closed
Remote employees also want to work close to home - but not in their homes anymore
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1of12Buy PhotoA room for recording podcasts at Troy Innovation Garage, a coworking space, on Wednesday, May 12, 2021, in Troy, N.Y. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less
2of12Buy PhotoA view inside at Troy Innovation Garage, a coworking space, on Wednesday, May 12, 2021, in Troy, N.Y. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less
4of12Buy PhotoJames Lewis-Van Vorst, owner of Nomad Coworks at his coworking space business on Wednesday, May 12, 2021, in Clifton Park, N.Y. Lewis-Van Vorst opened at the beginning of May. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less ....

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Albany IDA holds off - for now - on plan to seize downtown land through eminent domain


Albany IDA holds off on plan to seize downtown land, for now
Albany IDA holds off on plan to seize downtown land, for now
Capitalize Albany, the city s development agency, wants the downtown plot for part of proposed$100 million Liberty Park development
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1of3Buy PhotoLiberty Park in Albany s so-called parking lot district is seen on Friday, Dec. 11, 2020, in Albany, N.Y. Hold-out owners of lots in the district say Capitalize Albany is trying to convince the city s IDA to take their land through eminent domain. (Will Waldron/Times Union)Will Waldron/Albany Times UnionShow MoreShow Less
2of3Buy PhotoWeeds sprout from an empty lot in Albany s so-called parking lot district on Friday, Dec. 11, 2020, in Albany, N.Y. Hold-out owners of lots in the district say Capitalize Albany is trying to convince the city s IDA to take their land through eminent domain. (Will Waldron/Times Union)Will Waldron/Albany Times UnionShow MoreShow Les ....

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