Commercial Real Estate Market in Collierville, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
119 active listings and 663 off-market properties in Collierville, TN.
Market Trends
Collierville, TN spans 82.0 square miles in Shelby County, Tennessee. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Collierville, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Collierville, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Collierville, 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 Collierville, TN asks $97/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 84.3%
- Commercial 9.4%
- Industrial 5.9%
- Civic 0.3%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Low Density Residential
Forest Agricultural Residential
Medium Density Residential
Shopping Center Commercial
Large Lot Residential 1 Acre Minimum
Collierville, TN zones 21,241 acres across 22 districts. Commercial zoning covers 9.4% of zoned land, residential 84.3% and industrial 5.9%. The largest single district is Low Density Residential at 39.8%. For commercial buyers the practical constraint is that only 15.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Collierville, TN has 55,114 residents in 20,850 households. Density runs 672 people per square mile. Median household income here is $135,946 and median gross rent $1,489 a month.
55,114
Population
20,850
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
96%
High-School Grad
82 sq mi
ZIP Area
672
Density / Sq Mi
$135,946
Median Household Income
$70,857
Median Earnings
$1,489
Median Rent
$469,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Piperton | — | — |
| Cordova | — | $15.84 |
| Olive Branch | — | $22.75 |
Commercial property in Collierville, TN asks $417/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Collierville?
Commercial property in Collierville, TN asks an average of $417 per square foot. The 4 most recent recorded sales traded at a median of $233/SF, so asking sits 79% above the achieved median. Multifamily carries the highest asking price at $97/SF.
What zoning applies to commercial property in Collierville?
Collierville, TN zones 21,241 acres across 22 districts, of which 9.4% is commercial and 5.9% industrial. The largest single district is Low Density Residential at 39.8% of zoned land. Residential zoning covers 84.3% and open space 0%.
Where does Realmo's Collierville market data come from?
Realmo compiles Collierville, TN figures from 6 recent recorded sales, 92 active sale listings, 27 active lease listings, 663 tracked off-market properties, the current Collierville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 92 active for-sale and 27 active for-lease listings in Collierville, 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: 21,241 zoned acres across 22 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
