Commercial Property:

The city continues to grow by leaps and bounds. With so much national media coverage as to the livability of the area, the city remains a consistently growing community of small business and entrepreneur opportunities. With many high rises in the area, it’s no wonder that office space abounds for small businesses to explore. In a recent survey of commercial property vacancies in the greater Rochester area, the rates of office space starts at around $350 - $600 a month for small spaces in the downtown area. There are also larger options to explore at around $1 a square foot. The prices and vacancies fluctuate, but doing your homework will always help save you $$ and time in the long run. Rochester commercial property rental prices have fallen dramatically over the last 18 months and until the economy recovers it appears the commercial real estate market is in trouble. Using a tenant rep is your best bet when trying to find the best office or executive suite, and officespaceheaven.com offers a Free service to help all our renters looking for office space. We also work in Manhattan, Buffalo, Providence, Syracuse, and even Canada.

Office Amenities:

When are you planning to move into your new commercial office space. Renting a commercial property in Rochester is a must for any serious business, but to rent an office space then you need to think ahead. Where will your employees park, who will greet your clients at the front desk, etc.? Below is a list to help you when considering what amenities you and your employees may need. Reception Services, Telephone Answering, Admin, Service Elevators, Meeting Rooms, Board Rooms, Conference Suites, Virtual Office, Postal Services, and 24 Hour Access. If you need to get more information on the local Rochester office space market - or any other city - then check out our real estate articles. The second largest city and economy in the state of New York is Rochester. Rochester is often known as “The Flour City” or “The Flower City” and is quite interesting. The city has been touted as one of the most livable cities and has ranked high among metropolitan populations in the United States. The public schools in the area were also ranked sixth best in the nation as well. The estimated population of Rochester is around 219,773 and an estimated greater metropolitan area of around 1 million residents.

Economy / Weather:

The economy of Rochester New York hinges on many international businesses and many listed on the Fortune 1000. The main industries in the area include food and beverage, technology, optics, health care, and so much more. Some of the larger companies in the area include Paychex, Xerox, Western Union, The Institute of Optics, and Wegmans Grocery, just to name a few. The area is also home to a great deal of major shopping centers and houses one of the tallest buildings in the nation. Despite a great deal of options to further or start career, the unemployment rate of Rochester recently rose to upwards of 9% in recent months. Despite the economic national downturn, the area remains optimistic to the job growth forecast for the area.
The climate of Rochester is classified as humid continental. It has four different seasons categorized by different temperature changes. The winters are cold and feature much snowfall, and in the summer the temperatures can rise upwards of 100 degrees, and heat waves are prevalent in the summer with high humidity as well. The spring and fall are comfortable with warm temperatures and major changes to the landscape.

Rochester Housing:

The real estate market of Rochester is relatively affordable compared to many other areas in New York. The median home price of Rochester New York is at around $94074 and is lower than many other large metropolitan cities. There is a forecast of improvements with a 5% 2-5 year gain estimated in the home prices. Only time will tell whether or not the area will improve. The reality is that housing prices are related to the Rochester commercial property market - so both industries rely on each other.

The mayor of Rochester is Robert Duffy and he is a democrat. He has a long history of politics and took office in 2006. He served as the city’s chief of police for many years before becoming the mayor. He is a graduate of the Rochester Institute of Technology and Syracuse University, and holds a few conservative views to balance his democratic leanings.