The typical asking rate per listing is in the $10's per square foot per year. The Allen region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Buffalo market, the Allen region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 25 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 4% of the available space in the Allen are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 830 sqft. Most properties in this market are approximately 3 floors. Most buildings in this region were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the folk of Allen work from home. Commuting under 5 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 Allen.
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