CBRE Buffalo releases Q4 2022 Industrial Market Report
February 7, 2023
CBRE Buffalo, an affiliate of CBRE, released its fourth quarter 2022 Industrial Figures report for the Buffalo Niagara market.
The imbalance of supply and demand for industrial space in Buffalo persists with the market trending to an all-time low availability rate of 1.3% in 2022.
Despite the current lack of supply a significant amount of new speculative construction is projected for 2023 and 2024.
About CBRE Buffalo
CBRE Buffalo, an affiliate office of CBRE, offers a full range of commercial real estate services to eight counties across Western New York. CBRE Buffalo specializes in landlord/owner representation, tenant/buyer representation, investment sales, consulting, marketing, and research services. Several staff members have achieved prestigious designations such as the Society of Industrial and Office Realtors (SIOR) and Commercial Investment Real Estate Institute (CCIM). The firm also holds corporate memberships in the International Council of Shopping Centers (ICSC), and Building Owners and Managers Association (BOMA). Learn more: www.cbre.com/buffalo and twitter.com/cbrebuffalo