The typical asking rate per listing is in the $10's per square foot per year. The Central Buffalo submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Buffalo market, the Central Buffalo region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 252 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the listings in the Central Buffalo 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.
Even though the median size is 4,900 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this market were built in 1959 and are Class A.
This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the folk of Central Buffalo work from home. Commuting approximately an hour and a half 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 Buffalo.
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