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Browse buildings for sale or lease in the Greater Rochester, NY region.

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Commercial Real Estate

Skyline of Rochester, NY

Opportunities for growth await businesses of all sizes in the Greater Rochester, NY region’s affordable commercial real estate market. Take advantage of competitive lease rates, a diverse range of sites and buildings, and the region’s advanced infrastructure.

Photo credit: City of Rochester

Commercial Real Estate Statistics

Compared to other major metropolitan areas and against national averages, businesses benefit from the highly competitive Rochester commercial real estate market. The region’s outstanding infrastructure supports the diverse real estate available to service providers and manufacturers of all sizes.

CLASSIFICATIONLOW RENTAL RATESHIGH RENTAL RATESEFFECTIVE AVG. RENTAL RATESVACANCY RATE
Downtown Office Full-Service Rates
Class A (Prime)$19.50$24.00$20.509.0%
Class B (Secondary)$12.00$16.50$14.0021.0%
Suburban Office Full-Service Rates
Class A (Prime)$18.00$21.00$19.5011.6%
Class B (Secondary)$13.00$17.00$15.008.7%
Industrial Space Net (Triple Net) Rates
Warehouse/Distro.$4.75$7.50$5.003.0%
Manufacturing$4.15$6.50$5.257.0%
Note: Rates are per square foot per year
*Aggregate Industrial Vacancy Rate
Source: Pyramid Brokerage Company of Rochester – 2021 Market Outlook, Rochester, NY

Prime Commercial Sites and Buildings at Significant Savings

Prime commercial sites and buildings are available in the 9-county Greater Rochester, NY region at rates well below the national average, and even more affordable than those of major metropolitan markets.

ROCHESTER, NY MSA*U.S. AVERAGE**% SAVINGS IN ROCHESTER, NY MSA
Office (Gross Asking Rent)$18.00$35.1049%
Office Vacancy Rate13.1%15.5%
Industrial (NNN Asking Rent)$4.75$6.7637%
Industrial Vacancy Rent6.6%5.2%
Sources: *Pyramid Brokerage Company of Rochester – 2021 Market Outlook, Rochester, NY; **Pyramid Research Q4 2020
ROCHESTER GROSS AVERAGE DIRECT ASKING RENTS (US$/SQ.FT./ANNUM)U.S. GROSS AVERAGE DIRECT ASKING RENTS (US$/SQ.FT./ANNUM)ROCHESTER VACANCY RATESU.S. VACANCY RATES
Downtown$19.50$46.0017%18%
Suburban$16.50$26.7610%13%
Metro$18.00$35.1015%16%
Source: Pyramid Brokerage Company of Rochester – 2021 Market Outlook, Rochester, NY
MAJOR MARKET COMPARISONSAVG. OFFICE LEASE RATES**ROCHESTER, NY MSA*% SAVINGS IN ROCHESTER, NY MSA
Atlanta, GA$27.96$18.0036%
Boston, MA$37.66$18.0052%
Chicago, IL$32.19$18.0044%
Dallas/Ft. Worth, TX$26.68$18.0033%
Houston, TX$31.25$18.0042%
Los Angeles, CA$43.11$18.0058%
New York, NY$77.06$18.0077%
Northern New Jersey$32.08$18.0044%
San Francisco, NY$75.11$18.0076%
Washington, DC$56.63$18.0068%
U.S. Average$35.10$18.0049%
Source: Pyramid Brokerage Company of Rochester – 2021 Market Outlook, Rochester, NY
MAJOR MARKET COMPARISONSAVG. INDUSTRIAL ASKING RATESROCHESTER, NY MSA% SAVINGS IN ROCHESTER, NY MSA
Atlanta, GA$4.90$4.754%
Austin, TX$11.03$4.7557%
Baltimore, MD$7.15$4.7534%
Boston, MA$9.48

$4.7550%
Charlotte, NC$5.21$4.759%
Chicago, IL$5.46$4.7513%
Detroit, MI$6.45$4.7526%
Ft. Lauderdale, FL$9.68$4.7551%
Houston, TX$6.16$4.7523%
Jacksonville, FL$5.05$4.756%
Las Vegas, CA$9.07$4.7531%
Los Angeles, CA$11.64$4.7548%
Northern New Jersey$10.25$4.7538%
Orlando, FL$7.07$4.7533%
Phoenix, AZ$7.49$4.7537%
Pittsburgh, PA$6.25$4.7524%
Seattle, WA$9.00$4.7547%
U.S. Average$6.76$4.7530%
Source: Pyramid Brokerage Company of Rochester – 2021 Market Outlook, Rochester, NY

You know your business.
We know Greater Rochester.
Let’s team up.

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