Commercial Property for Sale & Lease in Buffalo NY
BUFFALO AREA PROFILE
Buffalo is the heart of western New York. Also known as “The Queen City”, Buffalo is a gateway to one of the Seven Wonders of the World. Besides being the birthplace of the Buffalo wing, Buffalo’s reputation as a center for the arts continues to grow with more than 22 professional theater companies in the area, including Shea’s Performing Arts center located in the historic downtown area. Buffalo’s Delaware Park is home to the second largest outdoor Shakespeare festival in the country. You can also find the acoustic and architectural perfection of the internationally-acclaimed Kleinhans Music Hall in Buffalo.
As well as the flourishing of the arts, Buffalo is an up and coming center for bioinformatics and human genome research. The researchers at University of Buffalo and Roswell Park Cancer Institute have sparked this growth with the formation of the Buffalo Niagara Medical Campus.
The greater Buffalo area is known to withstand economic downfalls. According to a 2010 study conducted by the Brookings Institute, Buffalo ranks at number 18 among the 100 largest Metropolitan Areas. Despite the high unemployment that auto-industry communities are facing around the country, Buffalo maintains an unemployment rate lower than the nation as a whole despite its high concentration of auto related industries.
Buffalo has a low cost of living, an abundance of home ownership, a short average commute time, a low crime rate and the most affordable housing market in the U.S. Coupled with the plethora of activities that “The City of Good Neighbors” offers, Forbes places the region in the top ten places to raise a family.
Much of Buffalo’s strength comes from the healthcare, banking and automotive industries. Kaleida Health, HSBC Bank, The Catholic Health System, University at Buffalo, The State of New York, Employer Services Corp., Tops Markets and M&T Bank maintain the largest number of employees in the area. Rich Products, one of the world’s largest family-owned food manufacturers, is located in Buffalo along with Delaware North’s headquarters. Regionally based insurance companies including Merchants Insurance Group and Lawley Insurance have headquarters in the area. In the automotive industry Ford maintains their stamping plant south of the city, and Chevrolet has a production plant to the north.
Cities and Counties
The Greater Buffalo Area includes Erie, Niagara, Cattaraugus, Chautauqua and Allegany counties. Major cities include:
- Buffalo – “The Queen City”
- Niagara Falls – “Cataract City”
- Jamestown – “The Pearl City”
- Olean – “Enterprising City with the Hometown Touch”
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