Buffalo, New York, is a city that offers a unique blend of industrial heritage and modern amenities, making it an attractive location for businesses looking to lease industrial space. With its strategic location at the eastern end of Lake Erie, near the Niagara River and the United States border with Canada, Buffalo provides easy access to major transportation routes, including the Peace Bridge, I-190, and the Buffalo Niagara International Airport. The city's economy has diversified over the years, with a focus on service industries like healthcare, retail, tourism, logistics, and education, making it an ideal location for industrial space for lease. Additionally, Buffalo is home to several major corporations, including Kaleida Health, Catholic Health, M&T Bank, and Rich Products, which can provide opportunities for collaboration and growth.
Buffalo's industrial space for lease offers a range of options, with 20 listings available. The average annual rent per square foot is $7 USD, with sizes ranging from 1,204 square feet to 80,000 square feet. In addition to industrial space, Buffalo also offers a range of other property types, including flex space, commercial real estate, land, and restaurants. Flex space is available in areas like Larkinville and Downtown Buffalo, while commercial real estate can be found in neighborhoods like the Elmwood Village and Hertel Avenue. Land is available for development in areas like the Buffalo Lakeside Commerce Park, and restaurants can be found throughout the city, including in popular areas like Canalside and the Waterfront. Overall, Buffalo's industrial space for lease offers a unique combination of affordability, accessibility, and amenities, making it an attractive option for businesses looking to establish or expand their operations.
What is the average size of industrial space for lease in the Buffalo market?
The average size of industrial space for lease in the Buffalo market is 23,200 square feet, with 20 available listings, offering a range of options for businesses looking to establish or expand their operations in the area.
What do I need to look for when leasing an industrial space in Buffalo?
When leasing an industrial space in Buffalo, there are several key factors to consider to ensure you find the right property for your business needs, including:
- Average annual rent per square foot, which is currently $7 USD per square foot, and average space size, which is approximately 23,200 square feet, to determine your budget and space requirements.
- Proximity to major transportation hubs, such as the Buffalo Niagara International Airport, the Buffalo Metro Rail, and the Niagara Frontier Transportation Authority (NFTA) bus system, to facilitate logistics and supply chain management.
- Access to amenities, including hospitals, parks, and sports facilities, as well as the city's cultural landmarks and educational institutions, to support your employees' quality of life and talent attraction and retention.
