Central Business District Sublease

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
22,000
As of: May 20, 2017

Central Business District Rates

On average, listings lease in the $10's per square foot per year. The Central Business District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 30% decrease in rent.

Compared to the rest of the Buffalo market, the Central Business District region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Central Business District Listing Supply

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. 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 22,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this market were built in 1940 and are Class A.

Central Business District Community

Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Central Business District folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Business District.
Research