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 | $1,075 | $171 | -- |
| Median price/sqft | $120 | $162 | -- |
| Average sold price | $1,044,280 | $337,714 | -- |
| Median sold price | $197,180 | $267,226 | -- |
| Number of sales | 3,896,619 | 8,048 | -- |
| Number of sales over $250k | 1,652,112 | 4,402 | -- |
| Number of sales over $1m | 376,992 | 197 | -- |
| Number of sales over $10m | 51,617 | 7 | -- |
| Average total tax amount | $9,270 | $4,502 | -- |
| Average assessed value | $316,887 | $294,143 | -- |
| Average market value | $436,999 | $293,925 | -- |
Buffalo commercial real estate property averages
| Property averages | United States | Alaska | Buffalo |
|---|---|---|---|
| Average lot size | 816,557 sf | 234,785 sf | -- |
| Median lot size | 24,453 sf | 40,511 sf | -- |
| Average building area | 1,077 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 | 1,006,458,749 | 519,665 | -- |
| Aggregate building area | 8,055,392,605 sf | 4,735,708 sf | -- |
| Aggregate units | 90,029,797 | 101,235 | -- |
Buffalo commercial real estate industrial mortgages
| Debt | United States | Alaska | Buffalo |
|---|---|---|---|
| Number of mortgages | 41,928,927 | 159,380 | -- |
| Average value of mortgages | $5,197,766 | $2,831,572 | -- |
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