Buffalo Retail


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Buffalo Rates

The typical asking rate per listing is in the $30's per square foot per year. The Buffalo region is going through a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 39% rise in rent.

Compared to the rest of the Buffalo market, the Buffalo submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Buffalo Listing Supply

In the last 90 days, 20 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Buffalo are subleases, so you will probably have to focus your search on direct office leases. 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 9,710 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1945 and are Class A.

Buffalo Community