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Brentwood Office Market Trends

Office Rental Market

  • $27.99 2019 Avg. Asking Rent
  • 9.46 % 2019 Avg. Vacancy Rate
  • 142,032 2019 Office Completions (Sqft)
  • 312,500 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Brentwood was $27.99 per square foot, and the office vacancy rate across the market averaged 9.46 %. During 2019, developers added 142,032 square feet of new office space to the Brentwood market inventory. Office developments estimated for delivery during 2020 total 312,500 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Brentwood Class A Office Buildings$30.36
  • Brentwood Class B Office Buildings$27.17
  • Brentwood Class C Office Buildings$20.26
  • TN Class A Office Buildings$31.64
  • TN Class B Office Buildings$21.27
  • TN Class C Office Buildings$18.63

Brentwood, TN Office Asking Rents by Class

Office asking rents vary across the Brentwood office market depending on several factors, one of which is property class. While rents for Class A office buildings in Brentwood averaged $30.36 per square foot in 2019, Class B office properties garnered average rental rates of $27.17 per square foot. Rental rates for Class C office property in Brentwood averaged $20.26 per square foot. On a statewide level, Class B office space rents averaged $21.27 per square foot, while rents for Class A office space across Tennessee averaged $31.64 per square foot. On average, Class C office properties in Tennessee commanded rents of $18.63 per square foot.

2020 OFFICE VACANCY RATES

Submarket Asking Rents Vacancy Rates
Far South Nashville $30.40 8.56 %
Brentwood $27.89 9.28 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2020 in Brentwood was 8.56 % in the Far South Nashville submarket, where asking rents averaged $30.40.
  • The highest office vacancy rate in 2020 in Brentwood was 9.28 % in the Brentwood submarket, where asking rents averaged $27.89.

OFFICE CONSTRUCTION IN Brentwood, TN

  • Brentwood, TN Total Sqft completed in 2019 142,032
  • Brentwood, TN Total Sqft under construction in 2020 312,500
10 Largest Office Buildings in Brentwood
Building name Address Total Sqft Year built
2000 Health Park Drive 2000 Health Park Drive, 37027 322,348 1996
Cool Springs Commons I & II 7100 Commerce Way, 37027 301,697 1990
Cool Springs Commons 7100 Commerce Way, 37027 301,570 1983
5401 Virginia Way 5401 Virginia Way, 37027 263,000 2014
Seven Springs West 340 Seven Springs Way, 37027 203,884 2016
Seven Springs West 340 Seven Springs Way, 37067 203,884 2016
Seven Springs East 330 Seven Springs Way, 37027 202,991 2013
Brentwood Commons I & II 750 Old Hickory Blvd, 37027 186,000 1983
Maryland Farms Office Park - The Ramparts of Brentwood 155 Franklin Road, 37027 133,401 1999
Five CityPark 7101 Executive Center Drive, 37027 131,084 1986
Largest Office Properties Recently Completed in Brentwood
Office building Address Sqft Completed
Brentwood Commons IV 750 Old Hickory Blvd, 37027 119,500 2020
Tristar Health Park 1001 Health Park Drive, 37027 119,000 2020
Maryland Farms Office Park - Virginia Springs - Building 2 5511 Virginia Way, 37027 111,000 2020
Maryland Farms Office Park - Virginia Springs - Building 1 5501 Virginia Way, 37027 113,000 2019
1648 Westgate Circle 1648 Westgate Circle, 37027 29,032 2019
Heritage Medical Associates Westgate Office 1622 Westgate Circle, 37027 63,468 2018
Brentwood Commons III 1000 Health Park Drive, 37027 130,000 2017
Seven Springs II 310 Seven Springs Way, 37027 130,000 2017
Hill Center Brentwood - Building A 211 Franklin Road, 37027 79,000 2017
Dimension at Mallory Park - 1569 Mallory Lane 1569 Mallory Lane, 37027 63,236 2017
Data provided by Commercial Edge

Office Spaces for Rent in Tennessee

  • Franklin Office Space
  • Nolensville Office Space
  • Thompsons Station Office Space

See trends for nearby markets

  • Nashville Market Trends
  • Franklin Market Trends
  • Murfreesboro Market Trends
  • Hermitage Market Trends

The Brentwood office market contains an inventory of 7,520,277 square feet of office space, in 104 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 Brentwood 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.

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