Retail Business for Lease in Buffalo, NY

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Buffalo, NY 14203

Description

A Rust Belt venue booming with rhythm & industrial vibes The circa-1902 building at 49 Illinois Street in downtown Buffalo was reimagined as a music venue in 2013 and added to the National Register of Historic Places in 2014 for its industrial past, a site where drilling equipment and capital hardware goods were produced for various local industries. Since then, Buffalo Iron Works’ operator has established itself as a staple in the city’s vibrant entertainment scene featuring local and national touring artists across diverse genres on its 16’x20’ stage. The venue also opens for most events hosted across the street at KeyBank Center, the largest indoor arena in Western New York and home to the NHL’s Buffalo Sabres and NLL’s seven-time league champion Buffalo Bandits. + Established, long-term operator in place + First floor performance space includes 16’x20’ stage, bar, kitchen, mezzanine seating, and connected outdoor space accessible via two overhead doors + Second floor features a mostly open floor plan with office space, storage and greenroom for visiting artists

Market Context

This retail in Buffalo, NY is listed for lease. It has been on the market for 163 days. Compare it against other retail listings for lease in Buffalo, NY — <a href="/search/lease/retail/new-york/buffalo">view the full market</a>.

As of Q4 2021, the Buffalo retail market showed a 6.8% vacancy rate, and rents up 7.0% year over year. Source: Colliers Q4 2021 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

Is the Buffalo retail market tightening or softening?
Vacancy is around 6.8%, with asking rents rising year over year (Q4 2021).

Unified Estimate

Very Low Confidence

$13.60/SF/mo – $18.40/SF/mo

Mid: $16.00/SF/mo

Cost-of-business estimate only; rate estimator unavailable.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market tucson (similarity: 100%) with 16 comparable listings.

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