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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Buffalo submarket is experiencing a a boost in rates. In the last 3 months, the median rate for lease rose $5 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Buffalo commercial real estate market, the Buffalo submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 443 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the commercial real estate listings in the Buffalo are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 450 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built around 1929 and are Class A.
Real time and historical data on commercial real estate listings in Buffalo.
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