On average, listings lease in the $20's per square foot per year. The Central Business District region is experiencing a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Buffalo market, the Central Business District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 31 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 spaces below 2,000 sqft. Most buildings in this region are close to 5 stories. Most buildings in this region were built in 1957 and are Class B.
Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central Business District folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.