Buffalo is the second-largest metro in New York State, with a CRE market driven by an expanding healthcare and life sciences corridor (Roswell Park Comprehensive Cancer Center, Kaleida Health, Catholic Health, the Buffalo Niagara Medical Campus), banking (M&T Bank HQ), advanced manufacturing, cross-border trade with Canada via the Peace Bridge, and a growing tourism economy. Higher education is a meaningful demand driver, anchored by the University at Buffalo with more than 32,000 students. Industrial absorption benefits from the metro's position as a Northeast logistics gateway, and multifamily fundamentals are supported by relative affordability versus downstate New York markets.
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