On average, listings lease in the $20's per square foot per year. The Central Buffalo region is seeing a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 36% increase in rent.
Compared to the rest of the Buffalo market, the Central Buffalo region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 28 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 129% of the office spaces in the Central Buffalo are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,990 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 5 floors. Most buildings in this area were built in 1959 and are Class A.
This area 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.