Market Reports

Annual Market Reports

Our partner, CBRE|Buffalo, provides a broad range of market data and analysis to keep companies in-the-know on trends and opportunities as they consider Buffalo Niagara for their base of operations. From the market for industrial, professional and retail space to data on the multi-housing market, they provide perspectives each year through the following reports:  
 
Industrial Outlook
With an availability rate of 3.5%, well below the national average, permitting and construction activity are projected to continue to increase in response to demand for industrial space. Areas with the highest availability rates include industrial and warehouse space in the Central Business District, as well as warehouse space in the south market.
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Office Outlook
Downtown leasing activity remains strong with attention focusing on quality space with access to amenities in markets across the region. Lease rates have stabilized, leaving a vacany rate of 13.1%.  The largest segment of this available space is Class-A space in the Central Business District. Outside of downtown Buffalo, the majority of space is classified as Class-B space north, south and east of the city.
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Retail Outlook
Retail vacancy rates for the area stand four percent higher than the rest of the U.S. (11.3% compared to the 7.0% national average). The Central Business District remains an attractive area for retailers as uncertainty surrounds the enclosed mall sector and its big box retail anchor locations.
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Multi-Family Housing Outlook
The multi-family housing sector continues to show strength with over 180 transactions, 19 of which were in excess of $1 million. The City of Buffalo showed a strong increased deal flow from previous years, while outside the Central Business District, broader Erie and Niagara Counties sales transactions were spread more evenly throughout the various markets.
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