On average, listings lease in the $20's per square foot per year. The Central Buffalo region is experiencing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 36% rise 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 made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 132% of the listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,990 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this market were built in 1959 and are Class A.
This region is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Most of the occupants 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.