What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Nashville commercial real estate market incorporates 54,743,791 square feet of office space across 526 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Nashville, the coworking segment of the commercial real estate market incorporates about 12,875 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Nashville commercial real estate market includes 13,275,311 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Nashville market, there is a total of 42,487,958 square feet of industrial property.

What types of commercial real estate are available in Nashville, TN?

The largest share of commercial real estate space for lease in Nashville is represented by Office space , which accounts for 7,967,549 square feet of available listings. Industrial space available in Nashville adds up to 5,288,489 square feet.

What factors affect the price of commercial real estate in Nashville, TN?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Nashville, TN?

The average rent for commercial real estate space listed for lease in Nashville is $26.39 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Nashville can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $31.14 per square foot, industrial space in Nashville saw average rents of $14.22 per square foot.

What are the best areas for commercial real estate in Nashville, TN?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Nashville, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Nashville is in the Downtown Nashville neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Nashville area . Meanwhile, retail space opportunities are most abundant in the Donelson submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in John C. Tune Airport . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $47.34 per square foot. In particular, the property type commanding the highest lease rates in Nashville was Office space. Conversely, the highest sale price last year was $295,000,000 that is located at 1200 Broadway.

What is the average size of a commercial property in Nashville, TN?

The average size of a commercial property in Nashville depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Nashville, the average size of an office property is 115,983 square feet. Retail properties here incorporate an average of 93,488 square feet. Industrial space in Nashville is in buildings that are, on average 171,322 square feet in size.

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1,037 Commercial Real Estate Listings in Nashville, TN

CRE Market Stats

Spaces 315 Deaderick St
Spaces
Nashville Magicians & Mentalists - Jeff & Kimberly, Nashville, TN
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Bike storage

Business lounge

Catering

Cleaning services

Complimentary coffee & tea

Free water

High-speed internet

High-speed wifi
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West End TN
HQ
3200 West End Avenue Suite 500, Nashville, TN
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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Trademark Business Center

240 Great Circle Road, Metro Center, Nashville, TN
For Lease

$14.50 - $16.50/SF/YR
Property

Industrial

230,044 SF
Availability

2 Spaces

5,880 SF
Year Built

1978
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Westpark Building

3212 West End Avenue, West End Park, Nashville, TN
For Lease

$32.00/SF/YR
Property

Office

37,733 SF
Availability

2 Spaces

6,655 SF
Year Built

1983
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4545 Trousdale Dr

4545 Trousdale Dr, Caldwell Hall, Nashville, TN
For Lease

Contact for pricing
Property

Industrial

5,528 SF
Availability

1 Space

5,528 SF
Year Built

1964
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Highland Yards

747 Douglas Avenue, Highland Heights, Nashville, TN
For Lease

Contact for pricing
Property

Office

44,335 SF
Availability

3 Spaces

10,464 SF
Year Built

2020
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Prime Class A+ Office Space for Sublease

3102 West End Ave, West End Park, Nashville, TN
For Lease

Contact for pricing
Property

Office
Availability

1 Space

6,185 SF
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Highland Ridge I

565 Marriott Drive, Century City, Nashville, TN
For Lease

Contact for pricing
Property

Office

169,209 SF
Availability

1 Space

21,779 SF
Year Built

1983
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Broadwest - Creative Office Building

1610 West End Avenue, Midtown - Vanderbilt University, Nashville, TN
For Lease

Contact for pricing
Property

Office

126,817 SF
Availability

1 Space

30,623 SF
Year Built

2021
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Three Thirty Three

333 11th Ave S, The Gulch, Nashville, TN
For Lease

$35.00 - $36.00/SF/YR
Property

Office

82,000 SF
Availability

2 Spaces

5,753 SF
Year Built

2020
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1900 Church Street

1900 Church Street, Midtown - Vanderbilt University, Nashville, TN
For Lease

$970.00 - $1,340.00/MO
Property

Office

59,195 SF
Availability

1 Space

1,170 SF
Year Built

1989
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3715 Hillsboro Pike

3715 Hillsboro Pike, Green Hills, Nashville, TN
For Sale

$15,667,476
Property

Retail

9,618 SF
Year Built

2022
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Bethlehem Temple Apostolic Church

1545 11th Ave N, Elizabeth Park, Nashville, TN
For Sale

$295,000
Property

Other

3,010 SF
Year Built

1960
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Broadwest - Office Tower

1600 West End Avenue, Midtown - Vanderbilt University, Nashville, TN
For Lease

Contact for pricing
Property

Office

523,142 SF
Availability

10 Spaces

190,027 SF
Year Built

2021
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1413-1419 Elm Hill Pike

1413-1419 Elm Hill Pike, Spence Lane, Nashville, TN
For Lease

$4.00 - $6.00/SF/YR
Property

Industrial

193,200 SF
Availability

2 Spaces

9,060 SF
Year Built

1958
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3203 Long Blvd, Nashville, TN, 37203

3203 Long Blvd, Music Row, Nashville, TN
For Sale

$7,650,000
Property

Multi-Family

14,568 SF
Year Built

2007
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Harding Medical Plaza

330 Wallace Road, Beverly Heights, Nashville, TN
For Lease

Contact for pricing
Property

Office

30,440 SF
Availability

1 Space

8,640 SF
Year Built

2006
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Lakeview Ridge II

2630 Elm Hill Pike, Donelson, Nashville, TN
For Lease

$23.00/SF/YR
Property

Office

62,246 SF
Availability

2 Spaces

13,969 SF
Year Built

1998
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Three Lakeview Place

22 Century Blvd, Century City, Nashville, TN
For Lease

$25.50/SF/YR
Property

Office

149,700 SF
Availability

2 Spaces

13,834 SF
Year Built

1999
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CitySpace

611 Commerce Street, Downtown Nashville, Nashville, TN
For Lease

$35.50 - $36.00/SF/YR
Property

Office

94,848 SF
Availability

5 Spaces

15,180 SF
Year Built

1987
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1801 West End Avenue

1801 West End Avenue, Midtown - Vanderbilt University, Nashville, TN
For Lease

$37.50/SF/YR
Property

Office

243,024 SF
Availability

10 Spaces

53,049 SF
Year Built

1986
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Hill Center - Belle Meade

4322 Harding Pike, Green Hills, Nashville, TN
For Lease

Contact for pricing
Property

Office

115,067 SF
Availability

2 Spaces

6,109 SF
Year Built

2009
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1411 Elm Hill Pike

1411 Elm Hill Pike, Spence Lane, Nashville, TN
For Lease

$6.50 - $7.00/SF/YR
Property

Industrial

96,000 SF
Availability

1 Space

4,200 SF
Year Built

1961
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Riverview Business Center

501 Mainstream Drive, Metro Center, Nashville, TN
For Lease

Contact for pricing
Property

Office

102,308 SF
Availability

2 Spaces

9,798 SF
Year Built

2000
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550 Metroplex Drive

550 Metroplex Drive, Providence Park, Nashville, TN
For Lease

Contact for pricing
Property

Office
Availability

1 Space

113,693 SF
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2222 RPB

2200-2222 Rosa L Parks Blvd., Metro Center, Nashville, TN
For Lease

$23.00/SF/YR
Property

Office

125,615 SF
Availability

2 Spaces

100,065 SF
Year Built

1989
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Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	7,725,133 Sq. Ft.	13.64%
100k to 500k Sq. Ft.	31,414,420 Sq. Ft.	55.46%
500k to 1M Sq. Ft.	10,164,284 Sq. Ft.	17.94%
> 1M Sq. Ft.	2,622,000 Sq. Ft.	4.63%

Class	Total Square Feet	Share of Total Office
Class A+	3,650,565 Sq. Ft.	6.44%
Class A	20,252,161 Sq. Ft.	35.75%
Class B	20,778,889 Sq. Ft.	36.68%
Class C	2,393,361 Sq. Ft.	4.23%

Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	10,502,480 Sq. Ft.	19.74%
100k to 500k Sq. Ft.	27,238,801 Sq. Ft.	51.2%
500k to 1M Sq. Ft.	4,094,522 Sq. Ft.	7.7%
> 1M Sq. Ft.	3,783,423 Sq. Ft.	7.11%

Class	Total Square Feet	Share of Total Industrial
Class A	10,802,475 Sq. Ft.	20.31%
Class B	39,179,842 Sq. Ft.	73.65%
Class C	2,592,492 Sq. Ft.	4.87%

Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	4,836,278 Sq. Ft.	37.96%
100k to 500k Sq. Ft.	5,455,773 Sq. Ft.	42.82%
> 1M Sq. Ft.	2,338,641 Sq. Ft.	18.36%

City	Property Type	Count of Listings	Total SF
Nashville, TN	Office	268	7,967,549
Nashville, TN	Retail	90	649,001
Nashville, TN	Industrial	83	5,288,489
Nashville, TN	Other	467	20,858,300

1,037 Commercial Real Estate Listings in Nashville, TN

Nashville, TN Commercial Real Estate Market Overview

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Nashville, TN?

What factors affect the price of commercial real estate in Nashville, TN?

What is the average rent for commercial space in Nashville, TN?

What are the best areas for commercial real estate in Nashville, TN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Nashville, TN?

Nashville, TN Commercial Real Estate Inventory Breakdown

Total Office Space in Nashville: 56,641,848 Sq. Ft.

Total Industrial Space in Nashville: 53,197,691 Sq. Ft.

Total Retail Space in Nashville: 12,739,918 Sq. Ft.

Nashville, TN Currently Available Listings

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