Course 10

Where to Locate a Business

Jill Pawlik

By: Jill Pawlik

Senior Marketing Manager

It is a great time to start a business or expand your operations in the Buffalo region. From bustling city neighborhoods and charming village shopping districts to suburban office parks with growing Fortune 500 companies, there are many commercial real estate options in Western New York. With many choices, you may wonder where you should locate your business. To help your search for the right location for your office, warehouse or retail store, Uniland created the definitive guide with key statistics to help you make this important decision.

This free demographic dossier addresses key questions related to,

  • The population of Buffalo and Erie County,
  • Average income in Buffalo and Western New York,
  • The varying cost of Class A office space,
  • Relevant Erie County tax maps, and more.

Based on the data, you can explore critical questions, including,

How will property taxes affect your bottom line?
Property taxes vary across the region. For example, some municipalities have school districts that provide a “homestead” tax rate. In these locations, residential property owners pay school taxes at a lower rate than commercial property owners. Yet business owners in those districts feel the benefits of the location and services are worth it.

How does age factor into the target market for your customers and employees? What about average household income?
Average ages in Western New York municipalities vary. The youngest population is located in the City of Buffalo, which also happens to be in the bottom percentile of household income. Rural Elma is home to the oldest population and has an annual household income more than two times that of Buffalo. These two completely different demographics could greatly affect the prosperity of any business that decides to locate a storefront or office in these areas.

Together with municipal data, demographics propose a detailed narrative of the towns, villages, and cities in our region and can help business owners find their ideal location right here in Western New York.

Location is the most important factor in real estate for a reason. This definitive guide will give you what you need to know to set up shop in your preferred Western New York neighborhood. From tax rates to school ratings, to the price-per-square-foot of office space. You will be well informed and ready to start the hunt for your organization’s new home.

 

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