The typical asking rate per listing is in the $20's per square foot per year. The Central Buffalo region is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Buffalo market, the Central Buffalo region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 34 listings have been listed, which means spaces most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this market were built in 1968 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the folk of Central Buffalo work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.