Buffalo, NY
Commercial Real Estate Market Trends & Data

$132 Avg asking sale price
$1,017 Avg asking lease rate
31,646 SF Avg unit lease size
32,274 SF Avg building size for sale
8.56% Average cap rate

Buffalo's Demographic Profile

Buffalo has 109,054 households and a median income of $42,028, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 252,712
# Households 109,054
Median age 36
Median household income $42,028
Avg household size 2.0
Renter-occupied housing units 68,764
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Buffalo, NY

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Buffalo $103 50,144 SF 6.80%
Snyder $132 15,396 SF 8.57%
Eggertsville $194 11,772 SF 8.57%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Buffalo $72 36,797 SF 10.15%
Cheektowaga $101 34,632 SF 10.15%
Sloan $51 69,224 SF 10.15%
Nearby Retail Markets Avg Cost/SF Typical Size
Buffalo $140 12,482 SF
Snyder $182 14,947 SF
Cheektowaga $211 19,888 SF
Eggertsville $239 2,739 SF
Williamsville $3 31,728 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Buffalo $152 45,355 SF 8.21%
Snyder $10 120,526 SF 7.34%
Town Of Tonawanda $254 50,030 SF 6.52%

Commercial Properties For Sale in Buffalo

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

7158 Transit Rd

Buffalo, NY 14221

  • 5,518 SF Retail Building
  • $950,000
For Sale

662 Fillmore Ave

Buffalo, NY 14212

  • 24,323 SF Industrial Building
  • $699,900
For Sale

Elmwood Apartments

Buffalo, NY 14222

  • 44,000 SF Multifamily
  • $7,295,000
For Sale

West Utica

Buffalo, NY 14222

  • 10,040 SF Multifamily
  • 7.01% Cap Rate
  • $1,480,000
For Sale

1423 Park ave

Buffalo, NY 14220

  • 1,620 SF Retail Building
  • $299,900
For Sale

Redevelopment Opportunity - Buffalo, NY

Buffalo, NY 14213

  • 34,494 SF Industrial Building
  • $799,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Buffalo pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Buffalo $132 32,274 SF
Snyder $294 34,608 SF
Cheektowaga $150 24,371 SF
Sloan $51 69,224 SF
Eggertsville $613 6,908 SF

Multifamily Properties For Sale in Buffalo

For Sale

Elmwood Apartments

Buffalo, NY 14222

  • 44,000 SF Multifamily
  • $7,295,000
For Sale

Colvin Avenue Apartments

Buffalo, NY 14216

  • 8,640 SF Multifamily
  • 6.52% Cap Rate
  • $1,750,000
For Sale

68-74 E Huron St

Buffalo, NY 14203

  • 31,600 SF Multifamily
  • $3,995,000

Regional Demographic Comparison

This comparison places Buffalo alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Buffalo or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Buffalo 252,712 109,054 36 $42,028 2 68,764 -3%
Snyder 70,628 28,263 36 $53,614 2 12,644 -2%
Cheektowaga 75,381 34,091 42 $61,177 2 11,005 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Buffalo, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Buffalo

View All Commercial Real Estate For Sale in Buffalo
Is Buffalo a good market for a first-time commercial real estate investor?

Buffalo offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Buffalo?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Buffalo. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Buffalo?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Buffalo. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Buffalo compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Buffalo. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Buffalo acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Buffalo, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports