What Would It Take For You To Relocate To Buffalo, NY?
Buffalo, NY, may not immediately strike you as a bustling center of commerce, but the city is quickly reclaiming its title as a business hub. In fact, its resident IT companies are so numerous that it’s being compared to Silicon Valley.
- Buffalo is attracting businesses from all over the U.S. due to its spectacular location and many growth opportunities.
- Real estate prices are affordable in Buffalo, making the city an appealing place to live for employees and a convenient headquarters for businesses.
- Many office buildings owned by Ellicott Development are located in the downtown area and within walking distance of shops and restaurants.
But is relocation right for you? Setting up new headquarters is a big endeavor, and the payoff has to be worth the expended time, money, and effort. The good news is, many businesses have found the move beneficial. In fact, this Buffalo business relocation guide outlines all the advantages your company can claim once you call Queen City home.
Reasons To Relocate
Though once on the downturn, Buffalo is undergoing a renewal effort that has brought new life to the city. Positioned near Lake Ontario, the Erie Canal, and Niagara Falls, Buffalo, NY, has many resources at its fingertips, including sustainable energy and access to a variety of markets.
As the second-largest city in New York state, it also has the benefits of a well-developed urban area. The result is a location with solid foundations and a bright future.
Affordable Real Estate
Rent is an unavoidable operating expense. As prices climb around the country, businesses are looking for ways to save. One great option is to choose an area with a relatively low cost of living.
Buffalo may be in New York, but it’s much more affordable than the Big Apple. In fact, rent here is lower than many cities of comparable size. This means you get more space for your money, allowing you to expand easily. You may also be able to choose a location or perks you otherwise wouldn’t be able to afford, which can be a draw for potential employees.
Speaking of employees, commercial spaces aren’t the only real estate going for cheap — apartments and even houses are reasonably priced in Buffalo, NY. This is another plus when trying to recruit your workforce, as employees will get more from their paychecks by relocating.
Well-Built Infrastructure
During its time as a transport hub, Buffalo invested in infrastructure. As a result, it’s able to accommodate a quick growth in population. The waterways are still available for shipping as well as generating sustainable energy.
Additionally, Buffalo is close to the Canadian border and welcomes many visitors from our northern neighbor. A mere two hours from Toronto, Buffalo is in a great position to do commerce with both American and Canadian companies, making it an excellent option for businesses looking to break into new markets.
Accessible Workforce
If you want to grow your business, you need to expand your workforce. In addition to being an attractive place for employees to relocate to, Buffalo also has a sizable workforce for you to recruit from. This is partly due to the many colleges and universities in the area, including two SUNY campuses. If your business is in the medical or IT industry, there are plenty of new graduates looking for work.
Buffalo has also seen a surge in millennials; a combination of cheap rent and economic growth has attracted many young professionals from Generation Y. In fact, many individuals consider Buffalo in hopes of getting their foot in the door of burgeoning industries.
Sizable Grants
The economic boom is due in no small part to the Buffalo Billion, a state program intended to help Queen City flourish. Through it, local businesses can apply for grants — that includes relocated enterprises. New York has dedicated one billion dollars to the initiative, and there’s still plenty of funding available.
If you have an innovative idea, you can also participate in 43North, a business idea competition. There are a variety of monetary prizes, with the top spot earning one million dollars.
Offices To Consider
If you decide to go through with a Buffalo, NY, business relocation, where will you set up shop? The good news is, there are many office spaces available.
Here at Ellicott Development, we’re proud to help tenets find the right space for their needs. We manage our own buildings, which means you don’t have to worry about information getting lost as it goes up the pipeline. Instead, you can send requests directly to us, and we’ll ensure any issues are addressed.
So what kind of spaces do we offer? Here are just a few of our available listings.
Located in Buffalo’s bustling downtown, the Lawley Building is close to City Hall and federal buildings. It’s four stories tall, close to public transportation, and receives the following services:
- Garbage and recycling
- Building security
- Routine maintenance
- Daily janitorial services
- Heating
Additionally, it’s surrounded by shops and restaurants, making it convenient for employees.
If you need retail and warehouse space, you’re in luck — 270 Michigan Avenue, a six-story building located in Downtown Buffalo, offers both. This building is situated near several attractions:
- Coca-Cola Field
- First Niagara Center
- Canalside
Additionally, it boasts on-site parking and offers access to the NYS Thruway (I-90).
This historic building is close to public transportation as well as Route 33 and the I-190. Tenets receive a variety of services:
- Building security
- Routine maintenance
- Daily janitorial services
- Heat
Additionally, tenants each get a personalized passcode for the 24-hour security keypad.
Located in Downtown Buffalo, the Crosby Building is close to a variety of popular locations:
- Erie Basin Marina
- Main Street
- Chippewa Entertainment Center
There’s also bicycle storage and a UPS box with pickups scheduled daily.
