As a mortgage banker, we could not be happier about the current condition of the Buffalo Marketplace and are confident it will continue to thrive. Commercial real estate in Buffalo is gathering momentum in 2015 due to an improving economy driven by the low interest rate environment. Overall the market is experiencing lower vacancy rates and higher absorption in areas such as the Larkin District with over 500,000 square feet of space under construction to accommodate the growth of the education and medical industry.