2023 Office Space Rent & Sales
- $24.50 2023 Avg. Asking Rent
- 7.37% 2023 Office Vacancy Rate
Chattanooga office price per square foot in 2023 was $24.50 on average. The local office market recorded an average vacancy rate of 7.37% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Chattanooga Class B Office Space$24.50
- Tennessee Class A & A+ Office Space$31.18
- Tennessee Class B Office Space$22.11
- Tennessee Class C Office Space$26.18
Chattanooga, TN Office Asking Rents by Class
Coworking Spaces in Tennessee
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2023 Office Construction in Chattanooga, TN
Office building | Address | SF | Completed |
---|---|---|---|
Jarnigan Medical Center | 7268 Jarnigan Road, 37421 | 50,186 | 2008 |
Concorde Creek | 1515 Gunbarrel Rd, 37421 | 13,373 | 2008 |
2707 Citico Ave | 2707 Citico Ave, 37406 | 10,530 | 2005 |
Brainerd Market Center | 480 Greenway View Dr, 37411 | 189,251 | 2004 |
5618 Brainerd Road | 5618 Brainerd Road, 37411 | 3,200 | 1999 |
5618 Brainerd Road | 5618 Brainerd Road, 37411 | 3,200 | 1999 |
Noon Development space | 325 Market St, 37402 | 54,386 | 1997 |
The Atrium | 1949 Gunbarrel Road, 37421 | 102,705 | 1992 |
830 Dodson Avenue | 830 Dodson Avenue, 37406 | 6,720 | 1991 |
East Ridge Business Plaza | 1509 S Smith Street, 37412 | 7,000 | 1987 |
Worth noting among recent office completions on the Chattanooga market is Jarnigan Medical Center, which is currently the largest new office development in the city, at 50,186 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Chattanooga commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.