More Industrial Space Available Across Buffalo Niagara

Got story updates? Submit your updates here. ›

Despite an abundance of vacant office, retail, and mall space in the Buffalo Niagara region, the industrial real estate market remains highly competitive with limited availability for expanding businesses. However, more industrial space is now coming online as the region works to overcome the lingering effects of the pandemic on its commercial real estate landscape.

Why it matters

The industrial sector's resilience during the pandemic stands in contrast to the struggles of Buffalo's retail and office markets, which have been hit hard by remote work trends and the decline of brick-and-mortar shopping. The availability of more industrial space could help attract new manufacturing, logistics, and distribution operations to the region, boosting the local economy.

The details

While Buffalo and the surrounding area still have many empty offices, storefronts, malls, and big-box stores, the industrial real estate market has remained tight with limited space for prospective occupants. However, this dynamic is starting to shift, with more industrial properties becoming available as the region works to overcome the lingering effects of the pandemic on its commercial real estate landscape.

• The Buffalo Niagara region has been struggling with high retail and office vacancy rates since the start of the COVID-19 pandemic in 2020.