Commercial Real Estate Market in Farragut, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
666 active listings and 8,253 off-market properties in Farragut, TN. Commercial property asks $72/SF to buy and $19.56/SF/Yr to lease.
Market Trends
Farragut, TN spans 17.4 square miles in Knox County, Tennessee. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Farragut, 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 Farragut, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Farragut, 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 Farragut, TN asks $163/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 78.8%
- Commercial 11.5%
- Agricultural 6%
- Open space 1.9%
- Civic 0.7%
- Industrial 0.4%
- Mixed use 0.1%
Largest Zones share of zoned land by district
General Single Family Residential District
Rural Single Family Residential District
Open Space Residential Overlay District
General Commercial District
Agricultural District
Farragut, TN zones 10,408 acres across 25 districts. Commercial zoning covers 11.5% of zoned land, residential 78.8%, open space 1.9% and industrial 0.4%. The largest single district is General Single Family Residential District at 41.2%. For commercial buyers the practical constraint is that only 11.9% of land carries a commercial or industrial designation.
General Single Family Residential District (R-2)
Sec. VI. - General single-family residential district (R-2). A. General description. It is the intent of this zone to provide for the development of moderate density single-family uses in areas suited for such development. These areas should be free from severe natural environmental limitations and provide access to a street which meets the minimum design st…
Market overview
Demographics & Economy
Farragut, TN has 27,414 residents in 10,702 households. Density runs 1,573 people per square mile. Median household income here is $135,472 and median gross rent $1,810 a month.
27,414
Population
10,702
Households
2.6
Avg Household Size
45
Median Age
62%
College-Educated
98%
High-School Grad
17.4 sq mi
ZIP Area
1,573
Density / Sq Mi
$135,472
Median Household Income
$63,674
Median Earnings
$1,810
Median Rent
$473,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lenoir City | — | $15.94 |
| Oak Ridge | — | $15.92 |
Commercial property in Farragut, TN asks $72/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Farragut?
Commercial property in Farragut, TN asks an average of $72 per square foot. The 6 most recent recorded sales traded at a median of $538/SF. Multifamily carries the highest asking price at $163/SF.
How much does it cost to lease commercial space in Farragut?
Asking lease rates in Farragut, TN average $19.56 per square foot per year.
What zoning applies to commercial property in Farragut?
Farragut, TN zones 10,408 acres across 25 districts, of which 11.5% is commercial and 0.4% industrial. The largest single district is General Single Family Residential District at 41.2% of zoned land. Sec. VI. - General single-family residential district (R-2). A. General description. It is the intent of this zone to provide for the development of moderate density single-family uses in areas suited for such development. These areas should be free from severe natural environmental limitations and provide access to a street which meets the minimum design st… Residential zoning covers 78.8% and open space 1.9%.
Where does Realmo's Farragut market data come from?
Realmo compiles Farragut, TN figures from 6 recent recorded sales, 478 active sale listings, 188 active lease listings, 8,253 tracked off-market properties, the current Farragut zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 478 active for-sale and 188 active for-lease listings in Farragut, 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: 10,408 zoned acres across 25 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
