Most listings are in the $20's per square foot per year. The Central Business District submarket is going through a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Buffalo market, the Central Business District region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 26 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, 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 listings below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this area were built in 1957 and are Class A.
Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central Business District occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.