55 Constitution Blvd
Price
Price on request
Market rate estimate — not broker-provided
Cost-of-Business Details
Very Low ConfidenceTransferred from peer market richmond (similarity: 100%) with 5 comparable listings.
| Component | Value | Detail | Source |
|---|---|---|---|
| Base Rent | $16.50/SF/mo | — | peer_city_transfer |
| Utilities | — | 11.2¢/kWh | OpenEI URDB |
| Property Tax | — | 0.0% eff. rate | API Ninjas |
| Labor Index | — | $1605/wk | BLS QCEW |
Source Provenance (1)
| Source | Type | Count | Year | Freshness | Peer |
|---|---|---|---|---|---|
| Peer City Transfer | economic_similarity | 5 | — | real-time | richmond (100%) |
Description
Commercial property listing from JLL. Property: 55 Constitution Blvd.
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Market Context
As of Q1 2025, the Nashville office market showed average asking rents near $32.39/SF/yr, rents up 2.9% year over year, and cap rates around 8.4%. Source: multiple brokerages Q1 2025 market report.
Projected current pricing
low confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 8.4%, asking rent trend-adjusted to today).
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Compare it against other office listings for lease in Franklin, MA to benchmark pricing and space — view the full market.
Office market FAQ
- What is the typical cap rate for office in Nashville?
- About 8.4% as of Q1 2025, per multiple brokerages.
Unified Estimate
Very Low ConfidenceRate-first confidence-weighted blend with cost-of-business adjustment.
No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market richmond (similarity: 100%) with 5 comparable listings.
Lease Rate & Market Trend
Market report quarterly trend fallback
- Avg Rent ($/SF/mo) (market data)
- Vacancy %
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Assumptions
- Market comparison: office in Franklin, MA
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Documents
Contact Broker
Joe Fabiano
Michael Ciummei
Rachel Marks
Chelsea Andre
Dane Caracino
Sam Crossan