On average, listings lease in the $20's per square foot per year. The Central Buffalo submarket is going through a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Buffalo market, the Central Buffalo region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 27 listings have been made available, which means spaces might be going fast. 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 5 stories. Most buildings in this area were built in 1968 and are Class A.
This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the occupants of Central Buffalo work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.