Most listings are in the $20's per square foot per year. The Central Business District region is experiencing a a boost in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Buffalo market, the Central Business District submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 27 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 289% of the office spaces in the Central Business District are subleases, so you might be able to find a shorter term or below market rent. 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 17,950 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this area were built in 1940 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 occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.