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Commercial Real Estate in Nashville, TN - 198 Properties Available

Nashville, TN - Commercial Properties

  • Metropolitan Airport Center II - Nashville
    828 Royal Pkwy, Donelson, Nashville, TN 37214
    For Lease $21/Sqft/Month
    Property
    • Office
    Availability
    • 1 Space
    • 5,715 Sqft
  • Metropolitan Airport Center I - Nashville
    801 Royal Pkwy, Donelson, Nashville, TN 37214
    For Lease $18/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 28,806 Sqft
  • Belle Meade Office Park - Nashville
    4525 Harding Pike, Green Hills, Nashville, TN 37205
    For Lease $28 - $30/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 4,071 Sqft
  • Perimeter Center III - Nashville
    3343 Perimeter Hill Drive, Luna Heights, Nashville, TN 37211
    For Lease $20.75/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 37,650 Sqft
  • Perimeter Park I - Nashville
    301 South Perimeter Park Drive, Luna Heights, Nashville, TN 37211
    For Lease $19.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 4,938 Sqft
  • Century City Plaza I - Nashville
    51 Century Blvd, Century City, Nashville, TN 37214
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 3,871 Sqft
  • Century City Plaza II - Nashville
    53 Century Blvd, Century City, Nashville, TN 37214
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 3,973 Sqft
  • BNA Corporate Center 100 & 200 - Nashville
    404 BNA Drive, Nashville International Airport, Nashville, TN 37217
    For Lease $21.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 9,695 Sqft
  • 41 Rachel Drive - Nashville
    41 Rachel Drive, Larkwood, Nashville, TN 37214
    For Lease $14 - $20.5/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 28,816 Sqft
  • International Plaza Office Building - Nashville
    2 International Plaza, Nashville International Airport, Nashville, TN 37217
    For Lease $19/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 11,244 Sqft
  • The Oaks Tower & Gardens - Nashville
    1101 Kermit Drive, Stardust Acres, Nashville, TN 37217
    For Lease $16 - $16.5/Sqft/Year
    Property
    • Office
    Availability
    • 19 Spaces
    • 54,985 Sqft
  • Airways Plaza I & II - Nashville
    1281 Murfreesboro Road, Glengarry Park, Nashville, TN 37217
    For Lease $16.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 15,562 Sqft
  • One Lakeview Place - Nashville
    25 Century Blvd, Century City, Nashville, TN 37214
    For Lease $23.25/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 24,430 Sqft
  • Executive South - Nashville
    1161 Murfreesboro Pike, Glengarry Park, Nashville, TN 37217
    For Lease $16 - $18/Sqft/Year
    Property
    • Office
    Availability
    • 11 Spaces
    • 29,907 Sqft
  • Fifth Third Center - Nashville
    424 Church Street, Downtown Nashville, Nashville, TN 37219
    For Lease $30/Sqft/Year
    Property
    • Office
    Availability
    • 12 Spaces
    • 117,122 Sqft
  • Vantage Place - Nashville
    44 Vantage Way, Metro Center, Nashville, TN 37228
    For Lease $24/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 11,964 Sqft
  • Nashville House - Nashville
    1 Vantage Way, Metro Center, Nashville, TN 37228
    For Lease $20/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 13,495 Sqft
  • Elm Park Plaza - Nashville
    1451 Elm Hill Pike, Spence Lane, Nashville, TN 37210
    For Lease $14 - $15/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 1,356 Sqft
  • Cummins Station - Nashville
    209 10Th Avenue South, Sobro, Nashville, TN 37203
    For Lease $29 - $34/Sqft/Year
    Property
    • Office
    Availability
    • 19 Spaces
    • 105,545 Sqft
  • The Music Row Building - Nashville
    35 Music Square East, Music Row, Nashville, TN 37203
    For Lease $37.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 7,484 Sqft
  • 301 Center - Nashville
    301 Plus Park Blvd, Plus Park, Nashville, TN 37217
    For Lease $20.75/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 4,818 Sqft
  • 49 Music Square West - Nashville
    49 Music Square West, Music Row, Nashville, TN 37203
    For Lease $28.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 2,917 Sqft
  • Perimeter Park II - Nashville
    3354 Perimeter Hill Drive, Luna Heights, Nashville, TN 37211
    For Lease $17.25/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 4,515 Sqft
  • Highland Ridge I - Nashville
    565 Marriott Drive, Century City, Nashville, TN 37214
    For Lease $24.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 10,223 Sqft
  • One American Center - Nashville
    3100 West End Avenue, West End Park, Nashville, TN 37203
    For Lease $33 - $34/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 15,699 Sqft

Nashville, TN Economic Overview

Location Photo

Nashville, TN, is the bustling capital and largest city of Tennessee and a well-known center of the country music industry. The city is located on the Cumberland river, just north of the state’s geographical center and is home to more than 1.8 million people and more than 40,000 businesses. The Mid Cumberland region is defined by its diverse economy, low costs of living and doing business, and vibrant culture, with major economic input from tourism, health care and education. “Music City” attracts tourists from all over the world with numerous music festivals and events throughout the year, making Nashville commercial real estate a prized one in the country.

As the “home of country music,” Nashville’s economy is most famously distinguished by its major music recording and production centers—most of which are located in the Music Row area. Although it is world renowned as a music recording center and tourist destination, its largest industry is health care—home to more than 300 health care companies, including the Hospital Corporation of America (HCA). The automotive sector is growing increasingly important to the Middle Tennessee region, as well as insurance, finance, and publishing. Increasing foreign direct investment and exports keep the Nashville region on a leading edge of international business.

Nashville, TN Commercial Real Estate Market

The Nashville commercial real estate scene includes one of America’s tightest office markets, displaying high demand for space in the region driven by technology and healthcare sectors. Increased market interest and declining vacancy rates since 2010 are driving rental rates to record highs. Nashville offers over 35 million square feet of office space with 2.4 million square feet currently under construction. Strong overall business growth has helped boost office demand in the metropolitan area with the technology sector capturing the largest share of leasing volume and the financial sector taking the second-largest share in 2017.

The Downtown Nashville office market includes spaces in its Central Business District (CBD), Midtown, and Metro-Center and features a diverse assortment of entertainment, dining, cultural, and architectural attractions. Three major interstate highways converge near the core area, with many regional cities just a day’s driving distance away. Together, downtown Nashville offers over 13 million square feet in office space, with most space concentrated in its CBD, in a highly sought after and culturally vibrant part of the city.

North/East Nashville is a mixed area north and east of downtown Nashville. East Nashville lies across the Cumberland River, with mixed-use areas of businesses and residential. East Nashville is an area of creative and artistic flair with a trendy progressive atmosphere. There are many coffee shops and art galleries in the interwoven streets, which also play host to many popular festivals and fairs throughout the year. The North Nashville office market is the most limited, offering just 419,000 square feet of office space.

Green Hills/West Nashville is home to three area universities—Vanderbilt, Belmont, and Lipscomb Universities—and The Mall at Green Hills, a high-end enclosed shopping center which began as “strip mall" in the1950s. The Green Hills office market hosts approximately 2 million square feet of office space and the city’s lowest vacancy rate, of 2.9%. Green Hills is one of Nashville’s more affluent areas and is often chosen by residents who don’t want a long commute to downtown businesses. In recent years, many of its larger lots and remaining open spaces have been re-divided to become sites for higher-density developments.

Nashville, TN Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Nashville, TN Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Nashville, TN Commercial Inventory Breakdown

Office Spaces

Total: 35,050,890 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 5,508,260 SF / 15.72% of total office
  • 100k to 500k SF: 23,367,071 SF / 66.67% of total office
  • 500k to 1M SF: 6,175,559 SF / 17.62% of total office

By class:

  • Class A+: 3,183,669 SF / 9.08% of total office
  • Class A: 13,284,182 SF / 37.9% of total office
  • Class B: 13,089,347 SF / 37.34% of total office
  • Class C: 898,114 SF / 2.56% of total office

Employment in Nashville, TN

Employment

Employment in the Nashville metropolitan area maintains strong growth and added 7.800 jobs in January and February of 2017. The largest gains in employment reported are in Retail (3,120 jobs), Manufacturing and Construction (1,570), and Professional and Business Services (1,560 jobs) according to Cushman & Wakefield research. The rapidly growing labor force is comprised of the 20 to 44 age cohort as rising incomes and strong job prospects attracts millennials to the region. The area’s unemployment rate of 4.2% is well below the national average.

According to the Bureau of Labor Statistics, the following sectors employ the most people in the region:

  • Trade, transport and utilities currently employs 183,300, growing at 2.3%;
  • Professional and business services currently employs 159,500, growing at 3.3%;
  • Education and health services currently employs 151,400, growing at 4.6%.

Other top-ranking sectors are:

  • Government currently employs 120,500, growing at 3.1%;
  • Leisure and hospitality currently employs 108,600, growing at 2.6%;
  • Manufacturing currently employs 84,200, growing at 3.8%.

Nashville has most notably seen professional and business services employment grow at 47.2% since 2010. Some of this stems from the establishment of branch offices of Silicon Valley companies, as well as the expansion of the area’s strong health care and entertainment industries.

As manufacturing declines in large cities, professional and business services have become a prime generator of high-end jobs. According to Forbes, Nashville offers a promising location for those invested in this type of work as a less-expensive, but large metro area that will continue to grow stronger in the long-term future.

Education in Nashville, TN

Nashville is often labeled as the “Athens of the South" due to its many colleges and universities. These include Vanderbilt University with 12,567 students and Tennessee State University with 10,389 students.

The city is served by the Metropolitan Nashville Public Schools. More than 82,000 students are currently enrolled in the district’s 73 elementary schools, 33 middle schools, 25 high schools, 18 charter schools, and eight specialty schools.

Commuting Time in Nashville, TN

Nashville ranks at the bottom of the South’s metro and micro areas for traffic and drive times. Nashville is centrally located at the crossroads of three Interstate Highways: I-40, I-24, and I-65, which connects it to many well-known and large cities in the region—and the traffic they bring. The average drive time to work for commuters in the Nashville-Davidson-Murfreesboro-Franklin metro area is 26 minutes.

The City’s downtown core can become slightly congested, but has launched several initiatives that help residents get around more easily, whatever their choice of transport:

  • A number of arterial surface roads called “pikes" radiate from the city center;
  • A newly built hub station downtown provides improved bus transit;
  • A bus rapid transit lite system which includes fewer stops and more frequent buses traveling along more popular routes;
  • A newly launched passenger commuter rail system called the Music City Star.

Nashville Demographics

Population

  • Total Population438,954
  • Male Population(48.4 %) 212,520
  • Female Population(51.6 %) 226,434
  • Median Age33.00

Income/Financial

  • Average Household Income$75,751
  • Median Household Income$45,348
  • Median Income Under 25$26,082
  • Median Income 25-44$53,013
  • Median Income 45-64$50,228
  • Median Income Over 65$36,423

Residential Rents in Nashville, TN

When choosing the best place for a business, location research is very important – not only for the office, but also for the employees’ convenience.

One-third of the Nashville region’s residents are renters—close to the national average of 36%. Nashville has proven to be a hot rental market with Census data showing gross monthly rents, which used to average $872 between 2011 and 2015. In January 2017, the figure has ballooned to $1,401—an increase of more than 60 percent in six years. According to Rent Café, the average rent for an apartment in Nashville is $1,187 compared to $1,100 last year.

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CommercialCafé is your first and only stop when it comes to commercial real estate leasings in Nashville, TN. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 1356 square feet and 117122 square feet. Discover the right property from our 198 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.