Buffalo Office Market Report
By PropZone Research · Data through Q4 2023 · Aggregated from Cushman & Wakefield
Quarterly office market indicators for Buffalo, aggregated by PropZone from Cushman & Wakefield. As of Q4 2023, average asking rent was $7.85/SF with a 3.7% vacancy rate.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2023 | $7.85/SF | 3.7% | 2K SF | — | Cushman & Wakefield |
| Q4 2021 | $29.52/SF | 8.1% | 2K SF | — | Cushman & Wakefield |
| Q2 2020 | — | — | — | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Buffalo?
- As of Q4 2023, the average asking rent for office space in Buffalo was $7.85/SF, per Cushman & Wakefield.
- What is the office vacancy rate in Buffalo?
- The office vacancy rate in Buffalo was 3.7% as of Q4 2023 (Cushman & Wakefield).
- Where does PropZone's Buffalo market data come from?
- This report aggregates quarterly office market data for Buffalo from Cushman & Wakefield.
Looking for active inventory? Browse office listings, read how to buy office property, see interactive market trends, or estimate a property's rent or price.