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Commercial Real Estate in Nashville, TN - 518 Properties Available

  • Metropolitan Airport Center II - Nashville
    828 Royal Pkwy, Donelson, Nashville, TN 37214
    For Lease $252/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 5,715 Sqft
  • BNA Corporate Center I and II - Nashville
    402-404 BNA Drive, Nashville International Airport, Nashville, TN 37217
    For Lease $18.5 - $23/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 17,077 Sqft
  • Cummins Station - Nashville
    209 10th Avenue South, Sobro, Nashville, TN 37203
    For Lease $34/Sqft/Year
    Property
    • Office
    Availability
    • 13 Spaces
    • 87,426 Sqft
  • Parkway Towers - Nashville
    404 James Robertson Pkwy, North Capitol - Sulphur Dell - Market District, Nashville, TN 37219
    For Lease $20.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 20,864 Sqft
  • Perimeter Park II - Nashville
    3354 Perimeter Hill Drive, Luna Heights, Nashville, TN 37211
    For Lease $17.25/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 9,302 Sqft
  • 301 Center - Nashville
    301 Plus Park Blvd, Plus Park, Nashville, TN 37217
    For Lease $21.75/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 39,769 Sqft
  • 2000 Glen Echo Road - Nashville
    2000 Glen Echo Road, Green Hills, Nashville, TN 37215
    For Lease $24 - $28/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 8,607 Sqft
  • Doctor's Pavilion - Nashville
    1916 Patterson Street, Midtown - Vanderbilt University, Nashville, TN 37203
    For Lease $26/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 4,965 Sqft
  • 825 6th Avenue South - Nashville
    825 6th Avenue South, 8th Avenue South, Nashville, TN 37203
    For Lease $4.5 - $5.95/Sqft/Year
    Property
    • Industrial
    Availability
    • 1 Space
    • 165,000 Sqft
  • 3340 Perimeter Hill Drive - Nashville
    3340 Perimeter Hill Drive, Luna Heights, Nashville, TN 37211
    For Lease $18/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 79,000 Sqft
  • Tennessee Bar Center - Nashville
    221 4th Avenue North, Downtown Nashville, Nashville, TN 37219
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 23,804 Sqft
  • Baptist Mid-State Building - Nashville
    2010 Church Street, Midtown - Vanderbilt University, Nashville, TN 37203
    For Lease $25/Sqft/Year
    Property
    • Office
    Availability
    • 18 Spaces
    • 30,349 Sqft
  • Burton Hills II - Nashville
    30 Burton Hills Blvd, Green Hills, Nashville, TN 37215
    For Lease $33.75/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 11,913 Sqft
  • Grassmere Business Park III - Nashville
    601 Grassmere Park Drive, Caldwell Hall, Nashville, TN 37211
    For Lease $16.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 12,091 Sqft
  • Southern Hills Holmes Medical Plaza & MOB A - Nashville
    397 Wallace Road, Southern Hills, Nashville, TN 37211
    For Lease $20 - $21.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 7,687 Sqft
  • Bowtruss Building - Nashville
    1001 3rd Ave. North, North Capitol - Sulphur Dell - Market District, Nashville, TN 37210
    For Lease $27.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 5,729 Sqft
  • Focal Pointe Business Park - Nashville
    1645 Murfreesboro Pike, Town Park Estates, Nashville, TN 37217
    For Lease $13.5/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 40,984 Sqft
  • 525 Metroplex - Nashville
    525 Metroplex Dr., Providence Park, Nashville, TN 37211-3140
    For Lease $14.75/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 26,906 Sqft
  • St. Cloud Corner - Nashville
    500 Church Street, Downtown Nashville, Nashville, TN 37219
    For Lease $23/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 12,866 Sqft
  • Perimeter Centre - Nashville
    3343 Perimeter Hill Drive, Luna Heights, Nashville, TN 37211
    For Lease $22.75/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 11,009 Sqft
  • Metropolitan Airport Center II - Nashville
    828 Royal Pkwy, Donelson, Nashville, TN 37214
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 11,421 Sqft
  • 50 Vantage Way - Nashville
    50 Vantage Way, Metro Center, Nashville, TN 37228
    For Lease $17/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 3,503 Sqft
  • 1 Music Circle South - Nashville
    1 Music Circle South, Music Row, Nashville, TN 37203
    For Lease $29.5/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 49,928 Sqft
  • Elm Park Plaza - Nashville
    1451 Elm Hill Pike, Spence Lane, Nashville, TN 37210
    For Lease $16/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 832 Sqft
  • Cavalier Building - Nashville
    95 White Bridge Pike, White Bridge, Nashville, TN 37205
    For Lease $24.75 - $27.75/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 6,544 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 commercial real estate 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: 44,041,984 SF

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

By square footage range:

  • 50k to 100k SF: 7,405,484 SF / 16.81% of total office
  • 100k to 500k SF: 27,129,044 SF / 61.6% of total office
  • 500k to 1M SF: 8,507,456 SF / 19.32% of total office
  • > 1M SF: 1,000,000 SF / 2.27% of total office

By class:

  • Class A+: 2,975,759 SF / 6.76% of total office
  • Class A: 16,249,450 SF / 36.9% of total office
  • Class B: 16,866,927 SF / 38.3% of total office
  • Class C: 1,329,270 SF / 3.02% of total office

Industrial

Total: 30,211,277 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 100k to 500k SF: 22,333,332 SF / 73.92% of total industrial
  • 500k to 1M SF: 4,094,522 SF / 13.55% of total industrial
  • > 1M SF: 3,783,423 SF / 12.52% of total industrial

By class:

  • Class A: 6,528,071 SF / 21.61% of total industrial
  • Class B: 23,283,923 SF / 77.07% of total industrial
  • Class C: 283,283 SF / 0.94% of total industrial

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 Population450,628
  • Male Population(48.2 %) 217,251
  • Female Population(51.8 %) 233,376
  • Median Age33.00

Income/Financial

  • Average Household Income$83,045
  • Median Household Income$51,998
  • Median Income Under 25$30,310
  • Median Income 25-44$62,418
  • Median Income 45-64$52,555
  • Median Income Over 65$41,950

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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 832 square feet and 165000 square feet. Discover the right property from our 518 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.