Most listings are in the $20's per square foot per year. The Central Business District region is going through a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Buffalo market, the Central Business District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 32 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 5 stories. Most buildings in this area were built in 1957 and are Class A.
Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Central Business District residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.