The typical asking rate per listing is in the $20's per square foot per year. The Central Business District region is seeing 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 Business District region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 27 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 263% of the available space in the Central Business District 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 17,950 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this region were built in 1940 and are Class A.
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.