On average, listings lease in the $20's per square foot per year. The Buffalo region is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Buffalo market, the Buffalo submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 443 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Buffalo 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,900 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1937 and are Class A.
Real time and historical data on commercial real estate listings in Buffalo.
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