Most listings are in the $20's per square foot per year. The Elmwood submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the Buffalo market, the Elmwood region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 17 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 4,070 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this area were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Elmwood residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.