Central Business District Commercial Real Estate

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5 E Huron St - Space Central Business District, Buffalo, NY corner space
Sep 26
4,500
sqft
Restaurant
10 Fountain Plaza - 9 Spaces Buffalo, NY HVAC
May 22
200 - 17,950
sqft
Office
70 W Chippewa St - 4 Spaces Buffalo, NY  
May 04
350 - 970
sqft
Office
410 Main St - 2 Spaces Buffalo, NY  
Apr 11
4,200 - 8,400
sqft
Office

Central Business District

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
10,000

Central Business District Rates

The typical asking rate per listing is in the $10's per square foot per year. The Central Business District 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% decline in rent.

Compared to the rest of the Buffalo market, the Central Business District region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Central Business District Listing Supply

In the last 90 days, 237 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Central Business District 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 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 leases below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this region were built in 1940 and are Class A.

Central Business District Community

Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Central Business District occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Central Business District.
Research