Chattanooga Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Chattanooga is $24.33 per square foot, 15.50% higher compared to the previous year.
  • The average sale price for office space in Chattanooga is $138.98 per square foot, marking an increase of 109.00% compared to 2024.
  • The market’s vacancy rate stands at 9.38%, lower than the state average of Tennessee, which is 16.31%.

2025 Office Space Rent & Sales

  • $24.33 2025 Avg. Asking Rent
  • 15.50% Y-o-Y Avg. Asking Rent Change
  • 9.38% 2025 Office Vacancy Rate
  • $46.9M2025 Total Office Sales
  • $138.98Avg. Sale Price/SF

What is the average asking rent price for office space in Chattanooga?

Average asking rents for office space here stand at $24.33 per square foot. The local office market recorded an average vacancy rate of 9.38% in 2025, unchanged from 9.38% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $46.9M across 6 sales. These transactions commanded an average sale price per square foot of $138.98.

Chattanooga, TN Office Asking Rents by Class

What is the average office rent per square foot by property class in TN?

  • Avg. Asking Rent Class A & A+$30.58
  • Avg. Asking Rent Class B$25.17
  • Avg. Asking Rent Class C$16.00

For comparison, the average rent for Class A and A+ office space in Tennessee was $30.58 per square foot. The state-wide average for Class B space was $25.17 per square foot, and Class C office spaces averaged $16.00 per square foot.

Chattanooga, TN Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Chattanooga was Chattanooga - East at 5.71%. Meanwhile, the highest office vacancy rate in the market was 24.03%, recorded in Chattanooga -Downtown.
Submarket Asking Rents Vacancy Rates
Chattanooga -South $26.69 21.43%
Chattanooga - East $24.50 5.71%
Chattanooga -Downtown $22.26 24.03%
Data provided by Yardi Research

Explore Top Office Markets in Tennessee

2025 Office Sales Volume

  • $138.982025 Avg. Price per SF
  • $46.9M2025 Office Sales Volume
  • 62025 Number of Transactions

What is the average sale price per square foot for office space in Chattanooga?

Average sale prices for office space in this market recorded a +109.00% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $138.98 per square foot. For comparison, the statewide Tennessee average during the same time period stood at $157.29 per square foot, while the national average was $182.48 per square foot.

Chattanooga, TN Sale Price per SF Trend

  • Chattanooga Avg. Sale Price per SF in 2025$138.98
  • Tennessee Avg. Sale Price per SF in 2025$157.29

What was the total office sales volume in Chattanooga in 2025?

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $46.9M.

  • Chattanooga, TN Total Office Sales Volume in 2025 $46.9M
  • Chattanooga, TN Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

Office Construction in Chattanooga, TN

What are the largest recent office completions in Chattanooga?

The largest recent office completion here is Central Crossing at 52,200 square feet, completed in 2024. The next largest completions are 1607 Central Ave and 1511 Gunbarrel Rd., Suite 115, Chattanooga, TN.

Office building Address SF Completed
1909 Gunbarrel Road 1909 Gunbarrel Road, 37421 6,300 2025
Central Crossing 1939 Central Ave, 37408 52,200 2024
1607 Central Ave 1607 Central Ave, 37408 23,904 2024
1939 Central Ave Suite 102 1939 Central Ave Suite 102, 37408 2,355 2024
1939 Central Ave Suite 101 1939 Central Ave Suite 101, 37408 1,930 2024
1939 Central Ave Suite 103 1939 Central Ave Suite 103, 37408 1,285 2024
1939 Central Ave Suite 104 1939 Central Ave Suite 104, 37408 963 2024
1400 SF Retail / Office for Lease on Ringgold Rd 6016 Ringgold Rd Suite 108, 37412 7,000 2018
1511 Gunbarrel Rd., Suite 115, Chattanooga, TN 1511 Gunbarrel Road, Suite 115, 37421 12,050 2016
1525 Gunbarrel Rd 1525 Gunbarrel Road, 37421 5,200 2016
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.