Commercial Real Estate Market in Cleveland, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
95 active listings and 2,881 off-market properties in Cleveland, TN. Commercial property asks $181/SF to buy and $17.69/SF/Yr to lease.
Market Trends
Cleveland, TN spans 229.1 square miles in Bradley County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Cleveland, TN has a median asking sale price of $185/SF (based on 6 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Cleveland, TN has a median asking sale price of $260/SF (based on 4 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Cleveland, TN has a median asking sale price of $178/SF (based on 5 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Cleveland, TN has a median asking sale price of $181/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Cleveland?
How much does it cost to lease commercial space in Cleveland?
What zoning applies to commercial property in Cleveland?
Where does Realmo's Cleveland market data come from?
Methodology & data sources
- Asking prices and medians
- There are 65 active for-sale and 30 active for-lease listings in Cleveland, TN. The medians are based on 34 of the for-sale and 12 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
