Commercial Real Estate Information




Located on the southern shore of Lake Ontario in the western region of New York, Rochester is the state’s third largest metropolitan area with a population of 1.1 million. The City of Rochester is situated in Monroe County, the centermost and largest county within the region. Greater Brockport is located on the western fringe of Monroe County, about 16 miles west of Rochester. Traditionally known for its homegrown companies: Kodak; Xerox; and Bausch & Lomb, today Rochester is one of the leading high-tech cities in the U.S.

Greater Brockport enjoys close proximity to not only Rochester, but the global business centers of Toronto and New York City, all while offering a low cost of doing business and quality of life not found in its larger neighbors.

The information found on this page is courtesy of C.B. Richard Ellis (CBRE). CBRE is the world’s largest commercial real estate services firm. The company has 438 global offices, including one in Rochester. To access the website for CBRE's Greater Rochester office, click HERE.

Greater Rochester Commercial Property Rates


The following chart shows the range of rental rates for office and industrial/flex space for Monroe County. Typically, Greater Brockport's rates are less than the countywide average.


Source: CB Richard Ellis, Rochester, N.Y., 1Q 2012




Greater Rochester Industrial Market


The Greater Rochester industrial market is comprised of approximately 82.2± million square feet of both owner and tenant-occupied space. Overall, 2011 saw the industrial inventory remain relatively stable while the vacancy rate decreased by approximately three-quarters of a percentage point to 12.7%. The suburban industrial market consists of 47.2± million square feet of owner and tenant occupied space. Suburban inventory experienced a slight net increase of approximately 111,000 square feet in 2011. The suburban vacancy rate decreased to 12.8% down sharply from 2010 and bringing it in line with the City’s vacancy rate. Net absorption remained positive for the second straight year.




Source of Charts: CB Richard Ellis, "2012 Market Outlook: Rochester, New York"


Greater Rochester Flex Market


The Greater Rochester flex market is comprised of approximately 4.0± million square feet of tenant- occupied space. 2011 saw a small net increase in the flex inventory as developers remained cautious about speculative construction. The increase in inventory was accompanied by 2.0 percentage point increase in the vacancy rate, which stood at 13.4% at year-end 2011. Net absorption remained positive for a ninth straight year.




Source of Charts: CB Richard Ellis, "2012 Market Outlook: Rochester, New York"


Greater Rochester Office Market


The Greater Rochester office market is comprised of approximately 15.9± million square feet of competitive, multi-tenanted Class A and B office space. An additional 5± million square feet of single-tenant, owner occupied space is classified as part of the non-competitive inventory and is not included in vacancy figures. Of the competitive inventory, 7.1± million square feet is located in the Central Business District and 8.8± million square feet is located in the suburban markets.




Source of Charts: CB Richard Ellis, "2012 Market Outlook: Rochester, New York"



Greater Rochester Retail Market


The Greater Rochester retail market consists of 22.1± million square feet of space. Retail inventory grew slightly in 2011, experiencing a net gain of approximately 80,000 square feet. The limited additions to inventory allowed the vacancy rate for the Rochester region to reverse its five year climb, ending the year at 11.7% down 0.9 percentage points from the previous year-end. Net absorption for the year was positive at approximately 270,000 square feet.



Source of Charts: CB Richard Ellis, "2012 Market Outlook: Rochester, New York"



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