Buffalo, a city located in Western New York, is an ideal location for a restaurant, offering a unique blend of cultural attractions, educational institutions, and a diverse economy. With a population of around 250,000, Buffalo provides a sizable customer base for restaurants. The city's strategic location at the eastern end of Lake Erie, near the Niagara River and the United States border with Canada, makes it an attractive spot for businesses. The presence of institutions like the University at Buffalo, Buffalo State College, and Canisius University ensures a steady flow of students, faculty, and staff looking for dining options. Additionally, the city's cultural landmarks, such as the Albright–Knox Art Gallery and the Buffalo Philharmonic Orchestra, attract visitors from across the region. With 11 restaurants for lease in Buffalo, entrepreneurs and restaurateurs have a wide range of options to choose from.
Buffalo's restaurants benefit from the city's diverse economy, which includes healthcare, business services, retail, tourism, and logistics. The presence of major corporations like M&T Bank, Rich Products, and Delaware North ensures a steady flow of professionals looking for dining options. Furthermore, the city's tourism attractions, such as Canalside and the National Buffalo Wing Festival, draw a large number of visitors each year. In addition to restaurants, Buffalo also offers a range of other commercial properties, including 11 retail spaces, 11 commercial real estate properties, and 11 flex spaces for lease. With average annual rents ranging from $14 USD to $14 USD per square foot, and spaces ranging from 1,500 to 8,000 square feet, entrepreneurs and businesses have a wide range of options to choose from. Overall, Buffalo's unique blend of culture, education, and economy makes it an attractive location for restaurants and other businesses.
How are restaurant leases typically structured?
Restaurant leases in Buffalo are typically structured as triple-net (NNN) leases, where the tenant is responsible for paying rent, property taxes, insurance, and maintenance costs, with average annual rent per square foot ranging from $15 to $30, depending on the location, size, and condition of the property. The average size of a restaurant lease in Buffalo is around 2,500 square feet, with a maximum space size of up to 10,000 square feet available, offering flexibility for various restaurant concepts and sizes.
What kitchen equipment is usually included in restaurant leases?
When exploring restaurants for lease in Buffalo, you'll often find that kitchen equipment is included in the lease agreement. Typically, this equipment includes commercial-grade appliances such as ovens, stoves, refrigerators, freezers, dishwashers, and ventilation systems, which are essential for operating a successful restaurant in a city like Buffalo, where foodies flock to enjoy the famous Buffalo wings and other local cuisine.
