On average, listings lease in the $20's per square foot per year. The Central Buffalo region is going through a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Buffalo market, the Central Buffalo region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 32 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,460 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this market were built in 1968 and are Class B.
This region is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the folk 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.