Nashville, TN Commercial Real Estate Market Trends & Data

What Are Current Commercial Real Estate Benchmarks in Nashville?

Nashville commercial properties are averaging $488 per square foot to buy and $11,336 per square foot to lease, with cap rates near 6.44% across asset types. The data below covers sale prices, lease rates, cap rates, and building sizes by property type to support early-stage market evaluation.

Explore Commercial Properties in Nashville

Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.

 

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 Metrics Value
Population 678,000
# Households 286,031
Median age 36
Median household income $67,531
Avg household size 2
Renter-occupied housing units 145,518
5-year population change -1%

Commercial Real Estate Market Snapshot in Nashville

Use the benchmarks below to set initial underwriting baselines for Nashville, typical deal size, entry costs, and cap rate ranges by asset type before evaluating individual listings.

Key Market Metrics Value
Avg asking sale price $488 per SF
Avg asking lease rate $11,336 per SF
Avg unit size for lease 23,917 SF
Avg building size for sale 13,529 SF
Average cap rate 6.44%

The 6.44% average cap rate reflects current return expectations relative to Nashville pricing and deal scale. Use this alongside asking prices and lease rates to establish initial underwriting assumptions.

 

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

Infill Development Opportunity

Nashville, TN 37207

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

Value-Add Office & Professional Building

Madison, TN 37115

  • 16,678 SF Office Building
  • $2,850,000
For Sale

Madison Station Commercial Building

Madison, TN 37115

  • 7,000 SF Retail Building
  • $1,550,000
For Sale

2705 Grandview Ave

Nashville, TN 37211

  • 3,375 SF Industrial Building
  • $1,285,000
For Sale

203 N 11th St

Nashville, TN 37206

  • 3,502 SF Retail Building
  • $2,865,300
For Sale

Ruby at Dragon Park

Nashville, TN 37212

  • 4,900 SF Retail Building
  • $3,250,000
For Sale

121 Harris St

Madison, TN 37115

  • 2,787 SF Office Building
  • $799,000
For Sale

6 S 14th Street

Nashville, TN 37206

  • 1,554 SF Retail Building
  • $900,000

 

Commercial Market Metrics by Property Type

Office Building Market Metrics Near Nashville

Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Nashville $530 10,965 SF 7.50%
Madison $384 6,076 SF 3.91%

Industrial Property Market Metrics Near Nashville

Industrial market data shows how cost per square foot and typical building size differ by submarket, supporting comparisons around deal scale and pricing alignment.

Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Nashville $462 13,707 SF 12.12%
Smyrna $249 17,444 SF 6.10%

 

Retail Property Market Metrics Near Nashville

Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.

Nearby Retail Markets Avg Cost/SF Typical Size
Nashville $607 8,601 SF
Madison $392 8,922 SF
Goodlettsville $487 9,820 SF
Hendersonville $322 9,474 SF
Franklin $1,132 15,726 SF

Multifamily Property Market Metrics Near Nashville

Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.

Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Nashville $425 12,917 SF 12.12%
Clarksville $142 24,961 SF 6.98%
Bowling Green $185 39,890 SF 4.29%

 

How Investors Evaluate Commercial Real Estate Markets in Nashville

Use these tools to move from market-level signals to deal-level math. Each calculator helps translate Nashville pricing, rents, and building size into concrete metrics like value, income, and space requirements, so you can validate assumptions before spending time on individual listings.
Commercial Property Valuation
Commercial Property Valuation
Understand Core Valuation Methods, Prevent Mistakes, and Use Our Instant Value Estimator
What Is a Cap Rate?
What Is a Cap Rate?
How To Calculate This Critical CRE Investment Metric and Why It Matters
Net Operating Income (NOI) Calculator
Net Operating Income (NOI) Calculator
Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
Cash on Cash Return
Cash on Cash Return
Learn How Cash on Cash Return Can Optimize Your Real Estate Investments
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Gross Rent Multiplier (GRM) Calculator & Investment Guide
Gross Rent Multiplier (GRM) Calculator & Investment Guide
Simplifying Your Investment Analysis
Land Loan Calculator
Land Loan Calculator
Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.
Balloon Payment Calculator
Balloon Payment Calculator
Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.
Office Space Calculator
Office Space Calculator
Estimate How Much Space Your Team Really Needs

 

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 $488 13,529 SF
Madison $321 8,078 SF
Whites Creek $389 23,691 SF
Old Hickory $357 8,791 SF
Hermitage $422 6,012 SF

Multifamily For Sale In Nashville

Multifamily listings shown here connect market pricing and cap rate patterns with income-producing opportunities currently available.
For Sale

District Lofts

Nashville, TN 37219

  • 99,004 SF Multifamily
  • $1,300,000
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 MedianHouseholdIncome AvgHouseholdSize RenterOccupiedHousingUnits FiveYrPopGrowthPct
Nashville 678,000 286,031 36 $67,531 2 145,518 -1%
Madison 38,926 16,385 39 $53,636 2 9,153 -1%
Whites Creek 3,292 1,246 44 $86,452 3 240 -3%
Old Hickory 23,066 9,343 44 $80,319 2 2,202 4%
Hermitage 38,042 16,406 39 $71,143 2 7,341 -2%

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.

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