Hermitage Office Market Trends

Office Rental Market

  • $27.02 2019 Avg. Asking Rent
  • 0.00 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Hermitage was $27.02 per square foot, and the office vacancy rate across the market averaged 0.00 %. During 2019, developers added 0 square feet of new office space to the Hermitage market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Hermitage Class A Office Buildings$27.53
  • TN Class A Office Buildings$31.64
  • TN Class B Office Buildings$21.27
  • TN Class C Office Buildings$18.63

Hermitage, TN Office Asking Rents by Class

OFFICE CONSTRUCTION IN Hermitage, TN

  • Hermitage, TN Total Sqft completed in 2019 0
  • Hermitage, TN Total Sqft under construction in 2020 0
10 Largest Office Buildings in Hermitage
Building name Address Total Sqft Year built
4022 Sells Drive 4022 Sells Drive, 37076 153,000 1976
Summit Medical Office Building I 5651 Frist Blvd, 37076 128,021 1993
Summit Medical Office Building II 5653 Frist Blvd, 37076 91,925 1994
Summit Medical Office Building III 3901 Central Pike, 37076 74,341 1999
Hermitage Medical Center 3810 Central Pike, 37076 33,783 2008
Hermitage Medical Plaza 5045 Old Hickory Blvd, 37076 31,437 1996
4011 Dodson Chapel Rd 4011 Dodson Chapel Rd, 37076 41,000 1940
3803 Central Pike 3803 Central Pike, 37076 7,182 1971
Largest Office Properties Recently Completed in Hermitage
Office building Address Sqft Completed
Hermitage Medical Center 3810 Central Pike, 37076 33,783 2008
Summit Medical Office Building III 3901 Central Pike, 37076 74,341 1999
Hermitage Medical Plaza 5045 Old Hickory Blvd, 37076 31,437 1996
Summit Medical Office Building II 5653 Frist Blvd, 37076 91,925 1994
Summit Medical Office Building I 5651 Frist Blvd, 37076 128,021 1993
4022 Sells Drive 4022 Sells Drive, 37076 153,000 1976
Data provided by Commercial Edge

Office Spaces for Rent in Tennessee

See trends for nearby markets

The Hermitage office market contains an inventory of 512,507 square feet of office space, in 6 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 Hermitage 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.