On average, listings lease in the $10's per square foot per year. The Central Business District submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Buffalo market, the Central Business District submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 237 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Central Business District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 9,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this region were built in 1940 and are Class A.
Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central Business District residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central Business District.
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