Commercial Real Estate Market in Fayetteville, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 776 off-market properties in Fayetteville, TN. Commercial property asks $347/SF to buy and $7.78/SF/Yr to lease.
Market Trends
Fayetteville, TN spans 254.2 square miles in Lincoln County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fayetteville, 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 Fayetteville, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Fayetteville, 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 vacancy in Fayetteville, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 49.9%
- Commercial 29.7%
- Industrial 20.3%
Largest Zones share of zoned land by district
Low Density Residential District
General Industrial District
General Commercial District
Major Highway Service District
Medium Density Residential District
Fayetteville, TN zones 5,781 acres across 8 districts. Commercial zoning covers 29.7% of zoned land, residential 49.9% and industrial 20.3%. The largest single district is Low Density Residential District at 25.4%. For commercial buyers the practical constraint is that only 50.1% of land carries a commercial or industrial designation.
Low Density Residential District (R-1)
These districts are designed to provide suitable areas for low density residential development where appropriate urban services and facilities are provided or where the extension of such services and facilities will be physically and economically facilitated, these districts also include limited community facilities, public utilities and open uses which serv…
Market overview
Demographics & Economy
Fayetteville, TN has 23,435 residents in 10,251 households. Density runs 92 people per square mile. Median household income here is $62,262 and median gross rent $790 a month.
23,435
Population
10,251
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
254.2 sq mi
ZIP Area
92
Density / Sq Mi
$62,262
Median Household Income
$40,565
Median Earnings
$790
Median Rent
$207,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kelso | — | — |
| Petersburg | — | — |
| Mulberry | — | — |
| Taft | — | — |
Commercial property in Fayetteville, TN asks $347/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fayetteville?
Commercial property in Fayetteville, TN asks an average of $347 per square foot. The 7 most recent recorded sales traded at a median of $101/SF, so asking sits 243% above the achieved median.
How much does it cost to lease commercial space in Fayetteville?
Asking lease rates in Fayetteville, TN average $7.78 per square foot per year.
What zoning applies to commercial property in Fayetteville?
Fayetteville, TN zones 5,781 acres across 8 districts, of which 29.7% is commercial and 20.3% industrial. The largest single district is Low Density Residential District at 25.4% of zoned land. These districts are designed to provide suitable areas for low density residential development where appropriate urban services and facilities are provided or where the extension of such services and facilities will be physically and economically facilitated, these districts also include limited community facilities, public utilities and open uses which serv… Residential zoning covers 49.9% and open space 0%.
Where does Realmo's Fayetteville market data come from?
Realmo compiles Fayetteville, TN figures from 8 recent recorded sales, 25 active sale listings, 3 active lease listings, 776 tracked off-market properties, the current Fayetteville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 25 active for-sale and 3 active for-lease listings in Fayetteville, 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: 5,781 zoned acres across 8 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
