Commercial Real Estate Market in Cleveland, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
216 active listings and 2,883 off-market properties in Cleveland, TN. Commercial property asks $60/SF to buy and $19.65/SF/Yr to lease.
Market Trends
Cleveland, TN spans 229.1 square miles in Bradley County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cleveland, TN asks $182/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Cleveland, TN asks $274/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Cleveland, TN runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Cleveland, TN asks $165/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 52.6%
- Industrial 18.2%
- Commercial 15.6%
- Planned_development 9%
- Civic 2.3%
- Mixed use 2%
- Open space 0.3%
Largest Zones share of zoned land by district
Single Family Residential
Low Density Single And Multifamily Residential
Light Industrial
Highway Commercial
Planned Unit Development
Cleveland, TN zones 18,072 acres across 18 districts. Commercial zoning covers 15.6% of zoned land, residential 52.6%, open space 0.3% and industrial 18.2%. The largest single district is Single Family Residential at 26.7%. For commercial buyers the practical constraint is that only 33.8% of land carries a commercial or industrial designation.
Light Industrial (IL)
A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standar…
Market overview
Demographics & Economy
Cleveland, TN has 97,475 residents in 40,806 households. Density runs 425 people per square mile. Median household income here is $64,146 and median gross rent $967 a month.
97,475
Population
40,806
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
88%
High-School Grad
229.1 sq mi
ZIP Area
425
Density / Sq Mi
$64,146
Median Household Income
$37,649
Median Earnings
$967
Median Rent
$232,506
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mc Donald | — | — |
| Ocoee | — | — |
| Georgetown | — | — |
| Oldfort | — | — |
Commercial property in Cleveland, TN asks $60/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cleveland?
Commercial property in Cleveland, TN asks an average of $60 per square foot. The 7 most recent recorded sales traded at a median of $113/SF. Retail carries the highest asking price at $274/SF.
How much does it cost to lease commercial space in Cleveland?
Asking lease rates in Cleveland, TN average $19.65 per square foot per year.
What zoning applies to commercial property in Cleveland?
Cleveland, TN zones 18,072 acres across 18 districts, of which 15.6% is commercial and 18.2% industrial. The largest single district is Single Family Residential at 26.7% of zoned land. Residential zoning covers 52.6% and open space 0.3%.
Where does Realmo's Cleveland market data come from?
Realmo compiles Cleveland, TN figures from 7 recent recorded sales, 183 active sale listings, 33 active lease listings, 2,883 tracked off-market properties, the current Cleveland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 183 active for-sale and 33 active for-lease listings in Cleveland, TN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 18,072 zoned acres across 18 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
