Hendersonville Office Market Trends

Office Rental Market

  • $23.48 2019 Avg. Asking Rent
  • 0.00 % 2019 Avg. Vacancy Rate
  • 26,100 2019 Office Completions (Sqft)
  • 31,000 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Hendersonville was $23.48 per square foot, and the office vacancy rate across the market averaged 0.00 %. During 2019, developers added 26,100 square feet of new office space to the Hendersonville market inventory. Office developments estimated for delivery during 2020 total 31,000 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Hendersonville Class A Office Buildings$22.54
  • Hendersonville Class B Office Buildings$23.77
  • TN Class A Office Buildings$31.64
  • TN Class B Office Buildings$21.27
  • TN Class C Office Buildings$18.63

Hendersonville, TN Office Asking Rents by Class

OFFICE CONSTRUCTION IN Hendersonville, TN

  • Hendersonville, TN Total Sqft completed in 2019 26,100
  • Hendersonville, TN Total Sqft under construction in 2020 31,000
10 Largest Office Buildings in Hendersonville
Building name Address Total Sqft Year built
TriStar Hendersonville Medical Center - Building C 353 New Shackle Island Road, 37075 56,562 2003
735 East Main Street 735 East Main Street, 37075 53,466 2002
Bluegrass Commons II 100 Bluegrass Commons Blvd., 37075 50,000 2005
Bluegrass Commons I 100 Bluegrass Commons Boulevard, 37075 50,000 2003
Parkside Plaza One 131 Saundersville Road, 37075 49,334 2008
130 North Maple Drive 130 North Maple Drive, 37075 47,000 1997
Physicians Plaza of Hendersonville 100 Springhouse Court, 37075 35,000 2007
100 Country Club Dr. 100 Country Club Dr., 37075 30,000 2007
107 Glen Oak Blvd 107 Glen Oak Blvd, 37075 29,900 2007
Maple Row Professional 131 Maple Row Blvd, 37075 29,358 2007
Largest Office Properties Recently Completed in Hendersonville
Office building Address Sqft Completed
The Village Office Condominiums 190 Saundersville Road, 37075 26,100 2019
Parkside Plaza One 131 Saundersville Road, 37075 49,334 2008
Physicians Plaza of Hendersonville 100 Springhouse Court, 37075 35,000 2007
107 Glen Oak Blvd 107 Glen Oak Blvd, 37075 29,900 2007
Maple Row Professional 131 Maple Row Blvd, 37075 29,358 2007
Indian Lake Professional Building 165 Indian Lake Blvd, 37075 25,315 2006
TriStar Hendersonville Medical Center - Building C 353 New Shackle Island Road, 37075 56,562 2003
735 East Main Street 735 East Main Street, 37075 53,466 2002
130 North Maple Drive 130 North Maple Drive, 37075 47,000 1997
Data provided by Commercial Edge

Office Spaces for Rent in Tennessee

See trends for nearby markets

The Hendersonville office market contains an inventory of 487,863 square feet of office space, in 19 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Hendersonville 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.