On average, listings lease in the $10's per square foot per year. The Masten submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 42% decrease in rent.
Compared to the rest of the Buffalo market, the Masten region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 6 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the listings in the Masten are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 15,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1945 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Masten folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.