Buffalo is the 76th largest multifamily market with 47,975 completed units and 13,365 units in development, 1,886 of which have already broken ground, as of June 2022.
Buffalo Multifamily Market Summary – June 2022
New lease asking rents are at $1,228, up 9.1%▲
from the previous year placing Buffalo at
103rd overall in year-over-year rent growth.
Buffalo Multifamily Market Summary – May 2022
New lease asking rents are at $1,216, up 8.1%▲
from the previous year placing Buffalo at 110th
overall in year-over-year rent growth.
Buffalo Multifamily Market Summary – March 2022
New lease asking rents are at $1,205, up 8.0%▲
from the previous year placing Buffalo at 108th
overall in year-over-year rent growth.
Buffalo Multifamily Market Summary – April 2022
New lease asking rents are at $1,196, up 6.7%▲
from the previous year placing Buffalo at 116th
overall in year-over-year rent growth.
Buffalo Multifamily Market Summary – January 2022
New lease asking rents are at $1,181, up 7.0%▲
from the previous year placing Buffalo at
112th overall in year-over-year rent growth.
Buffalo Multifamily Market Summary – February 2022
New lease asking rents are at $1,194, up 7.9%▲
from the previous year placing Buffalo at 109th
overall in year-over-year rent growth.
Buffalo Multifamily Market Summary – December 2021
New lease asking rents are at $1,159, up 5.2%▲
from the previous year placing Buffalo at 112th
overall in year-over-year rent growth.
