Highlights
- The average rent for office space in Nashville is $31.54 per square foot, 2.32% higher compared to the previous year.
- The average sale price for office space in Nashville is $187.32 per square foot, marking an increase of 50.99% compared to 2024.
- The market’s vacancy rate stands at 18.74%, higher than the state average of Tennessee, which is 16.31%.
- Renting Class A/A+ office space here costs $35.99 per square foot, while Class B averages $26.66 and Class C stands at $16.45.
- 143,000 square feet is currently under construction.
2025 Office Space Rent & Sales
- $31.54 2025 Avg. Asking Rent
- 2.32% Y-o-Y Avg. Asking Rent Change
- 18.74% 2025 Office Vacancy Rate
- $535.5M2025 Total Office Sales
- $187.32Avg. Sale Price/SF
What is the average asking rent price for office space in Nashville?
Average asking rents for office space here stand at $31.54 per square foot. The local office market recorded an average vacancy rate of 18.74% in 2025, unchanged from 18.74% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $535.5M across 18 sales. These transactions commanded an average sale price per square foot of $187.32.
Nashville, TN Office Asking Rents by Class
What is the average office rent per square foot by property class in Nashville?
- Avg. Asking Rent Class A & A+$35.99
- Avg. Asking Rent Class B$26.66
- Avg. Asking Rent Class C$16.45
The average asking rent for Class A and A+ office space stood at $35.99 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Nashville averaged $26.66 per square foot, while the average for Class C space was $16.45 per square foot.
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.
Nashville, TN Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Music Row - Vanderbilt | $37.66 | 14.87% |
| Downtown | $36.41 | 21.70% |
| Outlying Davidson County | $35.62 | 3.40% |
| South Nashville | $32.70 | 30.43% |
| Green Hills - Sylvan Park | $30.73 | 16.62% |
| MetroCenter | $30.30 | 16.96% |
| Far South Nashville | $30.18 | 16.12% |
| Donelson - Hermitage | $27.24 | 24.12% |
| Airport | $20.63 | 12.47% |
2025 Office Sales Volume
- $187.322025 Avg. Price per SF
- $535.5M2025 Office Sales Volume
- 182025 Number of Transactions
What is the average sale price per square foot for office space in Nashville?
Average sale prices for office space in this market recorded a +50.99% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $187.32 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.
Nashville, TN Sale Price per SF Trend
- Nashville Avg. Sale Price per SF in 2025$187.32
- Tennessee Avg. Sale Price per SF in 2025$157.29
What was the total office sales volume in Nashville in 2025?
The local office market recorded 18 deals in 2025, adding up to a yearly sales volume of $535.5M.
- Nashville, TN Total Office Sales Volume in 2025 $535.5M
- Nashville, TN Total Number of Office Sales Closed in 2025 18
What were the largest office building sales in Nashville in 2025?
The market’s largest transaction last year was the sale of Gulch Union for $217,750,000 on 10/23/2025. The next-highest sale was the transaction involving Fifth Third Center, which traded for $55,250,000. The third-largest transaction was the sale of Woodmont Centre I & II for $50,970,860.
| Property name | Address | Date | Price |
|---|---|---|---|
| Gulch Union | 1222 Demonbreun Street | 10/23/2025 | $217,750,000 |
| Fifth Third Center | 424 Church Street | 8/15/2025 | $55,250,000 |
| Woodmont Centre I & II | 104 Woodmont Blvd | 12/19/2025 | $50,970,860 |
| 500 & 530 Great Circle Road | 500 Great Circle Road | 12/29/2025 | $30,000,000 |
| Philips Plaza | 414 Union Street | 8/25/2025 | $29,000,000 |
2025 Office Construction in Nashville, TN
- Nashville, TN Total SF completed in 2025 1,332,449
- Nashville, TN Total SF under construction in 2026 143,000
How much office space was built in Nashville in 2025?
Looking forward, development activity in 2026 is estimated to add 143,000 square feet of office space to the market in total.
What are the largest recent office completions in Nashville?
The largest recent office completion here is Broadwest - Office Tower at 523,142 square feet, completed in 2021. The next largest completions are Gulch Union and Capitol View - Block E.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Peabody Union | 50 Peabody Street, 37210 | 244,529 | 2025 |
| 500 28th Avenue North | 500 28th Avenue North, 37209 | 45,000 | 2023 |
| 17th & Grand | 1001 17th Avenue South, 37212 | 166,534 | 2022 |
| Broadwest - Office Tower | 1600 West End Avenue, 37203 | 523,142 | 2021 |
| City View Medical Plaza | 335 24th Ave, 37203 | 171,581 | 2021 |
| Stocking 51 - Buildings 5 & 6 | 4900 Centennial Blvd, 37209 | 75,219 | 2021 |
| Gulch Union | 1222 Demonbreun Street, | 330,346 | 2020 |
| Peabody Plaza at Rolling Mill Hill | 10 Lea Avenue, 37210 | 280,000 | 2020 |
| Capitol View - Block E | 500 11th Avenue North, 37203 | 324,000 | 2019 |
| 18th & Chet | 818 18th Avenue South, 37203 | 135,584 | 2019 |
See reports for other markets
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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.