Most listings are in the $10's per square foot per year. The Central Business District submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Buffalo market, the Central Business District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated 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 listings in the Central Business District are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 10,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 5 floors. Most buildings in this region were built in 1940 and are Class A.
Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Central Business District occupants. 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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