Commercial Real Estate in Buffalo
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Popular searches around Buffalo
Reonomy attracts a large community of Buffalo commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.
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Buffalo commercial real estate sold prices and values
| Values and sold prices (last 24 months) | United States | Alaska | Buffalo |
|---|---|---|---|
| Average price/sqft | $908 | $1,874 | -- |
| Average sold price | $1,082,211 | $320,262 | -- |
| Median sold price | $198,823 | $270,458 | -- |
| Number of sales | 2,792,236 | 5,484 | -- |
| Number of sales over $250k | 1,189,680 | 3,061 | -- |
| Number of sales over $1m | 269,060 | 130 | -- |
| Number of sales over $10m | 36,917 | 2 | -- |
| Average total tax amount | $7,139 | $3,217 | -- |
| Average assessed value | $251,540 | $246,307 | -- |
| Average market value | $356,178 | $245,573 | -- |
Buffalo commercial real estate property averages
| Property averages | United States | Alaska | Buffalo |
|---|---|---|---|
| Average lot size | 815,738 sf | 234,700 sf | -- |
| Median lot size | 24,462 sf | 40,511 sf | -- |
| Average building area | 1,078 sf | 168 sf | -- |
| Median building area | 77 sf | 135 sf | -- |
| Median year built | 1970 | 1991 | -- |
| Average number of units | 16 | 5 | -- |
| Median number of units | 2 | 2 | -- |
Buffalo commercial real estate total supply
| Supply | United States | Alaska | Buffalo |
|---|---|---|---|
| Number of parcels | 58,466,290 | 199,133 | -- |
| Aggregate lot acerage | 1,005,212,641 | 519,465 | -- |
| Aggregate building area | 8,055,154,382 sf | 4,735,708 sf | -- |
| Aggregate units | 89,982,073 | 101,233 | -- |
Buffalo commercial real estate industrial mortgages
| Debt | United States | Alaska | Buffalo |
|---|---|---|---|
| Number of mortgages | 41,919,085 | 159,375 | -- |
| Average value of mortgages | $5,197,153 | $2,831,660 | -- |
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