The typical asking rate per listing is in the $20's per square foot per year. The Central Buffalo region is experiencing a an increase 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 Central Buffalo submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 37 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 6,460 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this market were built in 1968 and are Class B.
This region is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the occupants of Central Buffalo work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.