Chattanooga, TN
Commercial Real Estate Market Trends & Data

$254 Avg asking sale price
$631 Avg asking lease rate
16,519 SF Avg unit lease size
127,320 SF Avg building size for sale
6.46% Average cap rate

Chattanooga's Demographic Profile

Chattanooga has 82,628 households and a median income of $55,796, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 192,427
# Households 82,628
Median age 38
Median household income $55,796
Avg household size 2.0
Renter-occupied housing units 41,565
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Chattanooga, TN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Chattanooga $336 16,992 SF 7.85%
Red Bank $325 53,087 SF 6.78%
Hixson $229 8,205 SF 6.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Chattanooga $189 433,227 SF 9.48%
East Ridge $159 1,331,651 SF 6.25%
Rossville $151 86,075 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Chattanooga $343 13,923 SF
Red Bank $124 16,668 SF
Hixson $237 3,475 SF
Signal Mountain $378 11,619 SF
East Ridge $154 15,238 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Chattanooga $287 18,971 SF 7.34%
Hixson $198 26,432 SF 6.58%
Jasper $158 7,644 SF 11.31%

Commercial Properties For Sale in Chattanooga

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Eureka Foundry Redevelopment

Chattanooga, TN

  • Lots
  • Price Upon Request
For Sale

RIVERMARK

Chattanooga, TN 37406

  • 70 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

2450 Riverside Drive

Chattanooga, TN 37406

  • 13,946 SF Industrial Building
  • 9.48% Cap Rate
  • $3,700,000
For Sale

CVS ±$153K HH Income MinuteClinic Location

Signal Mountain, TN 37377

  • 11,619 SF Retail Building
  • 6.75% Cap Rate
  • $3,829,500
For Sale

7463 Bonnyshire Dr

Chattanooga, TN 37416

  • 231,625 SF Industrial Building
  • 6.63% Cap Rate
  • $17,000,000
For Sale

Building 1

Harrison, TN 37341

  • 3,130 SF Retail Building
  • $475,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Chattanooga pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Chattanooga $254 127,320 SF
Red Bank $187 17,256 SF
Hixson $282 12,177 SF
Signal Mountain $378 11,619 SF
East Ridge $171 491,121 SF

Multifamily Properties For Sale in Chattanooga

For Sale

Somer Station-Multifamily & Office-NNN Leases

Chattanooga, TN 37405

  • 53,087 SF Multifamily
  • 6.78% Cap Rate
  • $12,250,000
For Sale

Market City Center

Chattanooga, TN 37402

  • 138,350 SF Multifamily
  • Price Upon Request
For Sale

Central Crossing

Chattanooga, TN 37408

  • 50,000 SF Multifamily
  • $525,000 - $1,118,000

Regional Demographic Comparison

This comparison places Chattanooga alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Chattanooga or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Chattanooga 192,427 82,628 38 $55,796 2 41,565 7%
Red Bank 12,550 6,072 38 $51,420 2 2,890 6%
Hixson 43,849 17,510 43 $79,805 2 4,323 5%
Signal Mountain 7,991 3,004 46 $118,766 3 534 5%
East Ridge 21,989 9,417 40 $54,072 2 4,234 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Chattanooga, TN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Chattanooga

View All Commercial Real Estate For Sale in Chattanooga
Is Chattanooga a good market for a first-time commercial real estate investor?

Chattanooga offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Chattanooga?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Chattanooga. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Chattanooga?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Chattanooga. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Chattanooga compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Chattanooga. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Chattanooga acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Chattanooga, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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