The typical asking rate per listing is in the $20's per square foot per year. The Ellicott submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Buffalo market, the Ellicott submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 2 listings have been posted online, which means spaces most likley are 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 buildings in this market are close to 2 floors. Most buildings in this market were built in 1897 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Ellicott occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.