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Office Space for Rent in Nashville, TN - 196 Listings

Nashville, TN - Office Space for Lease

Nashville, TN - Office Market Overview

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The Nashville Metropolitan Area includes the Century City, Elm Hills Acres, and Metrocenter - North Rhodes Park office space submarkets. With a metropolitan population of over 1.8 million people, the economy in Nashville is driven by a diverse mix of business, including the tourism, healthcare, and education sectors, all doing their part to create a dynamic demand for Class A office space in Nashville, Tenn.

As of mid-2017, the Greater Nashville office market encompasses nearly 28 million square feet of existing office space in properties larger than 50,000 square feet. Nicknamed “Music City U.S.A.,” Nashville is the capital of Tennessee and also the state's largest city.

Nashville, TN - Office Inventory Description

Nashville has earned its nickname thanks to being the center of the Country music industry. Along with the music & entertainment industry, the demand for commercial real estate in Nashville is also driven by healthcare and corporate head office users.

With a gross metropolitan product of nearly $103 billion annually, there is consistent, predictable demand for white-collar office space in the Nashville metropolitan area. About 47% of the office inventory in the city is Class A or A+, while Class B office product in Nashville adds another 50% of space to the market.

Demand for Class A office space is strong in Downtown Nashville, located just east of 8th Avenue South and west of the Cumberland River. Prime office buildings such as the L & C Tower on Church Street, The Baker Donelson Center, and the SunTrust Plaza at 401 Commerce Street are all in this office submarket.

Nashville, TN Commercial Inventory Breakdown

Office Spaces

Total: 34,154,930 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 5,508,260 SF / 16.13% of total office
  • 100k to 500k SF: 22,738,111 SF / 66.57% of total office
  • 500k to 1M SF: 5,908,559 SF / 17.3% of total office

By class:

  • Class A+: 2,416,669 SF / 7.08% of total office
  • Class A: 13,124,222 SF / 38.43% of total office
  • Class B: 13,089,347 SF / 38.32% of total office
  • Class C: 898,114 SF / 2.63% of total office

Top 10 Largest Office Buildings

in Nashville

Office building Address Sqft Year built
One Hundred Oaks 719 Thompson Lane, 37204 891,470 2010
333 Commerce Street 333 Commerce Street, 37201 648,047 1994
Broadwest 1600 West End Avenue, 37203 635,000 n/a
UBS Tower 315 Deaderick Street, 37201 602,312 1974
120 11th Avenue North 120 11th Avenue North, 37203 551,000 n/a
One Century Place 26 Century Blvd, 37214 538,788 1991
Bridgestone Tower 200 4th Avenue South, 37201 522,000 2017
The Pinnacle at Symphony Place 150 3rd Avenue South, 37201 519,622 2010
Cummins Station - Expansion 209 10th Avenue South, 37203 500,320 n/a
One KVB Circle NEC 8th Avenue Street & Lafayette Street, 37203 500,000 n/a

Most Recently-Built Office Buildings

in Nashville

Office building Address Sqft Year built
Bridgestone Tower 200 4th Avenue South, 37201 522,000 2017
222 222 2nd Avenue South, 37201 391,000 2017
Capitol View - LifeWay Christian Resources Headquarters 1 Lifeway Plaza, 37203 277,429 2017
615 3rd Avenue 615 3rd Avenue South, 37210 137,241 2017
HCA Capitol View 1100 Charlotte Avenue, 37203 498,000 2016
1201 Demonbreun 1201 Demonbreun Street, 37203 285,000 2016
OneC1TY - 8 C1TY Blvd 8 City Blvd, 37209 116,354 2016
Gulch Crossing 1033 Demonbreun Street, 37203 239,711 2015
The Music Row Building 35 Music Square East, 37203 110,000 2015
Burton Hills VI 1A Burton Hills Blvd, 37215 109,751 2014

Nashville, TN - Green Office Space

Employment

One of the best examples of green office space in Nashville is the LEED-certified Gulch Crossing office building on Demonbreun Street. Built in 2015, this nearly 240,000-square-foot Class A property is located in The Gulch neighborhood and is the proud recipient of the coveted LEED Gold certification.

The most recent National Green Building Adoption Index took a look at energy-efficient office buildings in the top 30 U.S. markets in 2017. The survey discovered that the percentage of LEED-certified and Energy Star-rated construction for office buildings has increased from less than 5% in 2005 to 38% by mid-2017.

While Nashville didn’t make the top 30, the city is definitely moving in the right direction, with Gulch Crossing as a fine example.

Nashville, TN's Top Office-Using Sectors

The demand for Nashville commercial real estate and Class A office space is created by a variety of business and industry in the city. Top office-using sectors in Nashville include the healthcare, music & entertainment, government, and Fortune 500 office segments.

  • Healthcare – This sector is one of the top creators of white-collar office employment in Nashville, with companies such as Hospital Corporation of America employing over 200,000 people in the metro area.
  • Music & Entertainment – Nashville is headquarters to world-famous guitar maker Gibson, and is home to numerous independent record label companies, with Universal Music Group, Sony Music Entertainment, EMI, and Warner Music Group all having offices in Nashville.
  • Government – The Nashville City government and Public School District, the State of Tennessee, and the U.S. Government are all top employers in Nashville.
  • Fortune 500 Offices –for Class A office space in Nashville is also driven by the numerous corporate office locations within the city, including Bridgestone, Community Health Systems, Dell, Nissan North America, and Tractor Supply Company.

Nashville Demographics

Population

  • Total Population438,954
  • Male Population(48.4 %) 212,520
  • Female Population(51.6 %) 226,434
  • Median Age33.00

Income/Financial

  • Average Household Income$75,751
  • Median Household Income$45,348
  • Median Income Under 25$26,082
  • Median Income 25-44$53,013
  • Median Income 45-64$50,228
  • Median Income Over 65$36,423

News

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