On average, listings lease in the $30's per square foot per year. The Masten Park submarket is going through a a boost in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the Buffalo market, the Masten Park region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 117% of the available leases in the Masten Park 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 4,140 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1965 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Masten Park folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.