Elmwood Sublease

Elmwood

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,500
As of: June 22, 2017

Elmwood Rates

On average, listings lease in the $10's per square foot per year. The Elmwood region is going through a an increase in rates. In the last 3 months, the median rate increased $16 per sqft per year.

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

Elmwood Listing Supply

In the last 90 days, 17 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Elmwood are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,350 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1915 and are Class B.

Elmwood Community

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 market. Commute by car is the most popular way to get to work amongst Elmwood residents. Commuting approximately 30 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 Elmwood.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Elmwood.
Research