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Opening an office in Upstate New York is something a lot of savvy entrepreneurs and business owners are doing today. However, finding the perfect spot for an Albany office space or Syracuse office space can be hard. With the help of OfficeFinder, you can make searching for an office space for lease or sale much easier. You will have access to resources and experts that can help you locate an office space in Binghamton without making costly mistakes that a lot of other businesses do. Whether you’re looking for an office that is for rent or sale, you can use this site to pinpoint one that is within your budget.
If you’re iffy about renting or buying an Upstate New York office space, Buffalo office space, or Binghamton office space, you will find the statistics to be rather promising. The Syracuse metro area is considered being the heart of New York and is known for being a city with high growth, making office space in Syracuse an ideal option. It was a part of the list of Top 10 places to raise a family back in 2010. Not only is it a place to work, but it’s also a great place to live. This means that businesses here have great potential to build a solid client base with the residents of the city.
What has made this area grow the most is its focus on emerging technologies. It is also the home to a wide array of economic sectors, including financial services, health care, transportation and manufacturing. This area is also known to attract a lot of highly educated individuals, which has helped give it economic strength. It has a productive workforce and a great concentration of universities, colleges and trade associations.
No matter what industry you open your business in, you’ll find an excellent selection of applicants to fill your open positions. Some of the licensed and trained workers one could find here include those in fields like medical, advanced manufacturing, environmental systems, electronic and digital devices, precision metal working and construction. Syracuse, Albany and Buffalo also bring in a great deal of tourists, which opens the doors to potential seasonal revenue growth.
When looking for an office space in Binghamton, office space in Buffalo, or office space in Albany, it’s important to find a location that is close to your customers and prospects. There are many great office spaces for rent or sale in Upstate New York, so finding one that is ideal for your business and your customers won’t be too difficult when you have the right help; the help like we provide at OfficeFinder..
About Upstate New York Office Markets
Albany, NY
Albany is a part of the Albany-Schenectady-Troy metropolitan area with a population of almost 1 million people and has nearly 30 million square feet of office space in Albany and the metro area. It is home to the New York State capital. The predominate use of office space in Albany include research facilities, education, government and hospitals/medical facilities. The Albany CBD is mostly midrise office buildings and is undergoing a significant redevelopment. The suburban market is primarily Class B+ to Class A midrise office buildings and office parks. The office market is currently dominated by four major landlords. With vacancy rates in the upper teens to lower 20s, it is a Tenant’s market.
Buffalo, NY
With over 33 million square feet of office space in Buffalo and the surrounding markets, the main Buffalo office market consists of the area in and around the Central Business District of Downtown Buffalo, referred to as "CBD", as well as the area in the Northern Suburbs of Amherst/Williamsville referred to as "Amherst Suburban". Buildings in the CBD consists of mostly high rises with some historic buildings. Buildings in the Amherst Suburban area consist of mostly mid-rises with the bulk of the inventory being in office parks. Both the CBD and Amherst Suburban are home to many company headquarters, data centers and law firms. Headquarters in the CBD include: M & T Bank, Key Bank, First Niagara Financial Group, Rich Products, Catholic Health Systems, Kaleida Health. Amherst Suburban major office tenants include: National Fuel Gas, Tops Markets, Fidelis Care, HSBC, PHH Mortgage and Bureau Veritas, just to name a few. We have had very good results renegotiating existing leases in both the Amherst Suburban and the CBD office markets.
Syracuse CBD Office Market
The Syracuse Central Business District is at the crossroads of I-690 and I-81. Within the CBD are several multi-tenanted low-rise to mid-rise, class A office buildings including the State Tower Building and AXA Towers. With residential development downtown, the city population has increased 11 percent and multiple new businesses have re-located to the CBD. A growing sector of the Syracuse CBD Market is the Inner Harbor. A current redevelopment will be adding 100,000 SF of class office space. Armory Square in the CBD provides unique shops and dining options. Some of the area’s top employers are located downtown, including St. Joseph’s Hospital, Crouse Hospital and SUNY Upstate Medical University.
East Syracuse Office Market
The Syracuse-East market is the area primarily east of Downtown Syracuse. There are several suburban office parks in this area including Brittonfield, Pioneer Business Park and Widewaters Office Park. These office parks are generally class A and have a variety of office tenants. Noted companies in the eastern market include Bristol Meyers Squib, L.&J.G. Stickley, Excellus Blue Cross Blue Shield and Time Warner Cable.
North Syracuse Office Market Office Market
The Syracuse-North market is generally the area located north of downtown Syracuse including Liverpool, Baldwinsville and Cicero. The market is comprised mostly of freestanding single tenant offices with two business parks – Salina Meadows and Radisson Business Park. Lockheed Martin and Anheuser-Busch top the list of notable companies in the market. Situated between downtown and the north market is Destiny USA which is a major traffic driver through the area.
Binghamton Office Market
The Binghamton market is located in the Southern Tier of Upstate NY, only a few miles north of the PA border. The CBD is situated at the confluence of the Susquehanna and Chenango River. Binghamton is also located on the Marcellus Shale Formation which contains the largest source of natural gas in the United States. Binghamton (including the surrounding suburban markets) provides a mix of historic and traditional office buildings, mostly class B, predominately low-rise with a few mid-rise buildings in the CBD. Home to Binghamton University and several larger tech companies including; BAE Systems, Lockheed Martin, L-3 Communications (flight simulation). Originally a large manufacturing hub (to include IBM), the Binghamton market has been growing in the education, service, and health sectors.
We are very proud that our LOCAL OfficeFinder rep in Upstate New York is the top commercial real estate broker for the area. Your success in obtaining the perfect office space, to fit your needs, is supported by our robust relationships with the top landlords and developers in our market.
To get started, all you need to do is fill out the short form at the top of page and we will have our local upstate New York office space specialist contact you right away. The service we provide, as well as our local rep’s, is free to you. There is no cost for you to gain an expert who will help not only find the right space, get the best price, but also ensure that no costly mistakes will be made in the transaction. Whether it’s for a lease, rental or sale of a commercial real estate property. There is no obligation for completing the form. Do it today. You’ll be glad you did!
