Buffalo Office Space

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423 Elmwood Ave 2 Listings
Bryant, Buffalo, NY
The second floor space includes one large room with hardwood flooring and large windows facing Elmwood, two offices, and a bathroom. Space is ready to move into, we are willing to work with tenant to make some updates to the space if needed. 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)


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 23, 2016

Buffalo Rates

On average, listings lease in the $30's per square foot per year. The Buffalo region is experiencing a an increase in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 44% increase in rent.

Compared to the rest of the Buffalo market, the Buffalo region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Buffalo Listing Supply

In the last 90 days, 18 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the Buffalo are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 9,710 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 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.