The typical asking rate per listing is in the $10's per square foot per year. The Central Buffalo submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Buffalo market, the Central Buffalo submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 28 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 22,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 4 stories. Most buildings in this region were built in 1959 and are Class A.
This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Most of the folk 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.