Buffalo Industrial Market Report
By PropZone Research · Data through Q4 2021 · Aggregated from Colliers, Cushman & Wakefield
Quarterly industrial market indicators for Buffalo, aggregated by PropZone from Colliers, Cushman & Wakefield. As of Q4 2021, average asking rent was $8.48/SF with a 5.4% vacancy rate.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2021 | $8.48/SF | 5.4% | 0K SF | — | Colliers |
| Q4 2021 | $6.37/SF | 9.9% | 598K SF | — | Cushman & Wakefield |
| Q4 2019 | $5.66/SF | 3.6% | 1.8M SF | — | Cushman & Wakefield |
How the brokerage sources compare
For Q4 2021, the brokerages PropZone aggregates for Buffalo industrial did not fully agree. On vacancy, the sources span 4.5 points — from 5.4% (Colliers) to 9.9% (Cushman & Wakefield). Asking-rent estimates differ by $2.11/SF — from $6.37 to $8.48. PropZone reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 9.9% | $6.37/SF | — |
| Colliers | 5.4% | $8.48/SF | — |
Per-brokerage figures for Q4 2021, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Buffalo?
- As of Q4 2021, the average asking rent for industrial space in Buffalo was $8.48/SF, per Colliers.
- What is the industrial vacancy rate in Buffalo?
- The industrial vacancy rate in Buffalo was 5.4% as of Q4 2021 (Colliers).
- Where does PropZone's Buffalo market data come from?
- This report aggregates quarterly industrial market data for Buffalo from Colliers, Cushman & Wakefield.
- How much do brokerage estimates differ for industrial space in Buffalo?
- For Q4 2021, the brokerage sources PropZone aggregates for Buffalo did not fully agree. On vacancy, the sources span 4.5 points — from 5.4% (Colliers) to 9.9% (Cushman & Wakefield). Asking-rent estimates differ by $2.11/SF — from $6.37 to $8.48. PropZone reconciles these into a single consensus median rather than relying on any one brokerage.
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