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)
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 % |
- 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
| 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 |
| 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 |
Office Spaces for Rent in Tennessee
See trends for nearby markets
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.