Compared to the rest of the Buffalo market, the Elmwood submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 17 listings have come on the market, which means leases 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 6,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Elmwood occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.