Some context - I live in Buffalo, one of the areas in the 10-25% range. You can't give away commercial space here in Buffalo. Prices are <$1/sq in a lot of pla

Some context - I live in Buffalo, one of the areas in the 10-25% range. You can't give away commercial space here in Buffalo. Prices are <$1/sq in a lot of places. A few years ago, ~60% of the commercial space in North Buffalo was vacant. Our malls are...problematic. Two have already converted into office space, with a third being slowly transitioned as it empties (I believe it is empty now). One of our malls is dying a slow and painful death, even as it is surrounded by a booming retail space. Our other mall has been designed very well to be a destination vs an in/out type of location. But there are still many commercial vacancies. I don't know a lot about zoning, but many of these locations should really be repurposed to residential. There's also a large sprawl problem. Finally, it looks like Niagara Falls was included in that statistic and Niagara Falls is an absolute shithole.