The typical asking rate per listing is in the $20's per square foot per year. The Elmwood region is experiencing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 45% rise in rent.
Compared to the rest of the Buffalo market, the Elmwood submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 17 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 59% of the listings in the Elmwood are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are close to 3 stories. Most buildings in this region were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Elmwood folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.