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Most commerial real estate listings for lease are in the $20's per square foot per year. The Central Buffalo region is seeing a a boost in rates. In the last 3 months, the median rate for lease increased $3 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Buffalo commercial real estate market, the Central Buffalo submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 252 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 0% of the commercial real estate listings in the Central 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.
The standard size for office space in this area is around 450 sqft. Most properties in this market are approximately 4 stories. Most buildings in this area were built around 1957 and are Class A.
This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the residents of Central Buffalo work from home. Commuting around 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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