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470 Franklin Street

Off-Market

470 Franklin Street, Buffalo, NY 14202

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 28,800 Sqft
  • Lot Size 0.15 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1925

Location

  • City Buffalo, NY
  • Neighborhood Allentown
  • Zip Code 14202
  • Market Buffalo

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Buffalo

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Buffalo Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $20.47
  • 2020 Office Vacancy Rate 13.15 %
  • 2020 Office Completions (Sqft) 30,388
View more Buffalo market trends

Tax

  • Property Tax in 2021 $30,885
  • Market Value $1,582,200
  • Assessed Value $1,582,200

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 470 Franklin Street?

470 Franklin Street totals 28,800 square feet.

When was this property built?

470 Franklin Street was built in 1925.

What is the property tax for 470 Franklin Street?

The property tax for 470 Franklin Street in 2021 was $30,885.

What is the market value for 470 Franklin Street?

The market value for 470 Franklin Street in 2021 was $1,582,200.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.