Commercial Real Estate Market in Cookeville, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
268 active listings and 1,977 off-market properties in Cookeville, TN. Commercial property asks $245/SF to buy and $20.42/SF/Yr to lease.
Market Trends
Cookeville, TN spans 251.5 square miles in Putnam County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cookeville, TN asks $264/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 Cookeville, TN asks $162/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 Cookeville, 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 Cookeville, TN asks $229/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 63.7%
- Commercial 17.9%
- Mixed use 11.2%
- Industrial 4.6%
- Civic 2.4%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Single Family Residential
Commercial Industrial Mixed Use
General Commercial
Cookeville, TN zones 23,222 acres across 22 districts. Commercial zoning covers 17.9% of zoned land, residential 63.7% and industrial 4.6%. The largest single district is Single Family Residential at 31.3%. For commercial buyers the practical constraint is that only 22.5% of land carries a commercial or industrial designation.
General Commercial (CG)
PERMITTED USE RESIDENTIAL RS 20 RS 15 RS 10 RS 7.5 RS 5 RD RM 8 RM 14 RMHP PRD CBD CN CL CG CR PCD MS UNV CI LM HM QM Single-family detached XXXXXXX X X R X Zero lot-line detached R RRR X R Duplex/Two-family XX X X R X Zero lot-line attached RR X R Single-family attached (Townhouse) RRRR XRRRR R R Single-famil
Market overview
Demographics & Economy
Cookeville, TN has 71,961 residents in 32,177 households. Density runs 286 people per square mile. Median household income here is $56,035 and median gross rent $930 a month.
71,961
Population
32,177
Households
2.2
Avg Household Size
36
Median Age
31%
College-Educated
89%
High-School Grad
251.5 sq mi
ZIP Area
286
Density / Sq Mi
$56,035
Median Household Income
$32,982
Median Earnings
$930
Median Rent
$249,737
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bloomington Springs | — | — |
| Baxter | — | — |
| Rickman | — | — |
| Monterey | — | — |
Commercial property in Cookeville, TN asks $245/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cookeville?
Commercial property in Cookeville, TN asks an average of $245 per square foot. The 5 most recent recorded sales traded at a median of $217/SF, so asking sits 13% above the achieved median. Office carries the highest asking price at $264/SF.
How much does it cost to lease commercial space in Cookeville?
Asking lease rates in Cookeville, TN average $20.42 per square foot per year.
What zoning applies to commercial property in Cookeville?
Cookeville, TN zones 23,222 acres across 22 districts, of which 17.9% is commercial and 4.6% industrial. The largest single district is Single Family Residential at 31.3% of zoned land. Residential zoning covers 63.7% and open space 0%.
Where does Realmo's Cookeville market data come from?
Realmo compiles Cookeville, TN figures from 6 recent recorded sales, 261 active sale listings, 7 active lease listings, 1,977 tracked off-market properties, the current Cookeville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 261 active for-sale and 7 active for-lease listings in Cookeville, 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: 23,222 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 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
