The typical asking rate per listing is in the $20's per square foot per year. The Central Business District submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 36% rise in rent.
Compared to the rest of the Buffalo market, the Central Business District region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 27 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 137% of the listings 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 2,990 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this area were built in 1940 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 approximately 20 minutes a day is the norm for those who opt to reside in this part of town.