The typical asking rate per listing is in the $20's per square foot per year. The Central Buffalo region is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Buffalo market, the Central Buffalo submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 27 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. 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 5,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this area were built in 1968 and are Class A.
This market 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.