Buffalo Office Space

423 Elmwood Ave 2 Spaces
Bryant, Buffalo, NY
Ideal restaurant or cafe space with large outdoor seating area. Located in the heart of Elmwood Village. Once voted Buffalo's best patio by ArtVoice! Historic mixed-use office space in the Elmwood Village with responsible owners. Other tenant is Boost Mobile. Building shares a block with the well respected Benjaman Gallery.Tenant pays heat and electric. Rent is negotiable. Located at the crossroads of a historically significant parkway system and home to an impressive collection of world-class architecture, Elmwood Village is a premier urban, mixed-use neighborhood that dates back to Joseph Ellicott's 1804 plan for the City of Buffalo, New York. The American Planning Association has selected Elmwood Village as one of 10 Great Neighborhoods in America for its vitality, broad spectrum of cultural and social assets, and its commitment to maintaining high community standards while solving real problems. Tucked inside the City of Buffalo, mixed-use Elmwood Village is a neighborhood where one can find examples of works by renowned landscape designer Frederick Law Olmsted and architect Frank Lloyd Wright. The village also is home to several world-class cultural institutions, including the Albright-Knox Art Gallery, which contains one of the country's best collections of modern art. It includes a prosperous commercial district, primarily along Elmwood Avenue, with more than 300 shops and restaurants. Four large colleges and universities are located in or near the neighborhood, adding to the area's diversity and vibrancy. (APA's Great Places in America)

Buffalo

Office Space Market Report

Number of Listings (last 90 days)
85
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,650
As of: January 19, 2017

Buffalo Rates

On average, listings lease in the $20's per square foot per year. The Buffalo submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 20% rise in rent.

Compared to the rest of the Buffalo market, the Buffalo submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Buffalo Listing Supply

In the last 90 days, 85 listings have been made available, so you'll want to check back regularly for new listings. 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 3,650 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built in 1945 and are Class A.

Buffalo Community

Market Report

Trends and status of the commercial real estate market in Buffalo.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Buffalo.
Research