Nashville, TN
Commercial Real Estate Market Trends & Data

$552 Avg asking sale price
$28 Avg asking lease rate
13,985 SF Avg unit lease size
13,253 SF Avg building size for sale
7.75% Average cap rate

Nashville's Demographic Profile

Nashville has 286,031 households and a median income of $67,531, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 678,000
# Households 286,031
Median age 36
Median household income $67,531
Avg household size 2.0
Renter-occupied housing units 145,518
5-year population change -1%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Nashville $558 10,170 SF 7.71%
Berry Hill $638 4,006 SF 4.91%
Madison $388 6,602 SF 3.91%
Old Hickory $232 5,442 SF 4.36%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Nashville $582 13,319 SF 12.12%
Old Hickory $240 8,021 SF 4.36%
Nearby Retail Markets Avg Cost/SF Typical Size
Nashville $591 8,700 SF
Berry Hill $581 3,952 SF
Madison $356 9,075 SF
Whites Creek $389 25,624 SF
Old Hickory $415 7,701 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Nashville $466 15,410 SF 12.12%
Old Hickory $153 6,750 SF 6.01%

Commercial Properties For Sale in Nashville

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

4307 Albion st

Nashville, TN 37209

  • 0.55 AC Lot
  • 1 Industrial Lot
  • Price Upon Request
For Sale

535 Myatt Dr

Madison, TN 37115

  • 4,800 SF Flex Building
  • $1,375,000
For Sale

219 Rep John Lewis Way N

Nashville, TN 37219

  • 3,494 SF Office Building
  • $1,995,000
For Sale

2305 Cruzen St

Nashville, TN 37211

  • 4,314 SF Industrial Building
  • $2,250,000
For Sale

214 Omohundro Pl

Nashville, TN 37210

  • 4,860 SF Industrial Building
  • $1,500,000
For Sale

3312 & 3308 Charlotte Ave- Commercial Land

Nashville, TN 37209

  • 0.82 AC Lot
  • 1 Commercial Lot
  • $7,500,000

Average Price For Sale

↻ Updated Monthly

Average Price 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 Nashville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Nashville $552 13,253 SF
Berry Hill $595 5,399 SF
Madison $279 9,359 SF
Whites Creek $389 25,778 SF

Multifamily Properties For Sale in Nashville

For Sale

Continental Condos Apartments

Nashville, TN 37203

  • 392,378 SF Multifamily
  • $239,000
For Sale

1938

Nashville, TN 37208

  • 25,708 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Nashville 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 Nashville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Nashville 678,000 286,031 36 $67,531 2 145,518 -1%
Berry Hill 3,036 1,720 33 $82,758 2 1,158 2%
Madison 38,926 16,385 39 $53,636 2 9,153 -1%
Whites Creek 3,292 1,246 44 $86,452 3 240 -3%
Forest Hills 4,466 1,544 49 $222,847 3 61 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Nashville, 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 Nashville

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

Nashville 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 Nashville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Nashville. 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 Nashville?

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

How does Nashville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Nashville. 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 Nashville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Nashville, 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.

Nearby Market Trends