Most listings are in the $20's per square foot per year. The Central Buffalo region is going through a a rise in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Buffalo market, the Central Buffalo submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 28 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 286% of the available space in the Central Buffalo are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 12,540 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 5 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 market. Most of the occupants 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.