Industrial Properties in Buffalo, New York, offer a unique investment opportunity for those looking to capitalize on the city's diverse economy. With a rich history as a primary inland port and a transition to manufacturing, Buffalo's economy has diversified to focus on service industries like healthcare, retail, tourism, logistics, and education. Industrial Properties in Buffalo represent a range of investments, from warehouses and manufacturing facilities to research and development spaces. These properties often feature amenities like proximity to major transportation hubs, access to a skilled workforce, and a strong infrastructure. Buffalo's location at the eastern end of Lake Erie, near the Niagara River and the United States border with Canada, makes it an attractive location for businesses looking to take advantage of international trade opportunities. The city's educational institutions, such as the University at Buffalo and Buffalo State College, provide a steady supply of skilled workers, while its cultural landmarks, like the Albright-Knox Art Gallery and the Buffalo Philharmonic Orchestra, make it an attractive place to live and work. With 23 Industrial Properties for sale in Buffalo, there are plenty of opportunities to find the right investment for your needs.
Buffalo's Industrial Properties are part of a larger landscape of commercial real estate options, including Warehouses, Land, Apartment Buildings, and Commercial Real Estate. Warehouses in Buffalo offer ample storage and distribution space, while Land provides opportunities for development and growth. Apartment Buildings in Buffalo cater to the city's growing population of students, professionals, and families, and Commercial Real Estate options range from office spaces to retail storefronts. With its strong infrastructure, diverse economy, and rich cultural scene, Buffalo is an attractive location for businesses and investors alike. From the Peace Bridge to the Buffalo Niagara International Airport, the city's transportation hubs make it easy to get around and do business. With its many amenities, including hospitals, parks, and sports facilities, Buffalo is a great place to live, work, and invest. Whether you're looking for an Industrial Property or another type of commercial real estate, Buffalo has something to offer.
What is the average price per square foot for industrial properties in Buffalo?
The average price per square foot for industrial properties in Buffalo is $61 USD per square foot, with a total of 23 available listings, ranging in size from 77,137 square feet to 359,000 square feet, and offering an average cap rate of 7.74%.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Buffalo, as they impact the ease and cost of transporting goods, supplies, and labor, ultimately affecting a business's bottom line.
- Proximity to major transportation hubs, such as the Buffalo Niagara International Airport, the Peace Bridge, and I-190, can increase industrial property values due to the convenience and reduced transportation costs they offer.
- Access to rail lines, highways, and waterways, including the Erie Canal and Lake Erie, can also boost property values by providing multiple transportation options and reducing reliance on a single mode of transportation.
- In addition, industrial properties located near major employment centers, such as the Buffalo Niagara Medical Campus and the downtown business district, may command higher values due to their proximity to a skilled workforce and other business services.
