Commercial Real Estate Market in Franklin, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
171 active listings and 3,441 off-market properties in Franklin, TN.
Market Trends
Franklin, TN spans 252.5 square miles in Williamson County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Franklin, 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 Franklin, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Franklin, 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 Franklin, 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
- Planned_development 44.6%
- Residential 29.6%
- Civic 10.3%
- Industrial 5.7%
- Commercial 2.3%
- Mixed use 0.7%
Largest Zones share of zoned land by district
Planned District
Civic Institutional District
Estate Residential District
Residential 2 District
Agriculture District
Planned District (PD)
PD-Planned District 40 3.11 OR-Office Residential District 42 3.12 CI-Civic Institutional District 44 3.13 NC-Neighborhood Commercial District 46 3.14 CC-Central Commercial District 48 3.15 DD-Downtown District 50 3.16 1ST-1st Avenue District 52 3.17 5TH-5th Avenue North District 54 3.18 RC4-Regional Commerce 4 District 56 3.19 RC6-Regional Commerce 6 Distri…
Market overview
Demographics & Economy
Franklin, TN has 114,719 residents in 46,589 households. Density runs 454 people per square mile. Median household income here is $122,907 and median gross rent $1,875 a month.
114,719
Population
46,589
Households
2.5
Avg Household Size
40
Median Age
63%
College-Educated
95%
High-School Grad
252.5 sq mi
ZIP Area
454
Density / Sq Mi
$122,907
Median Household Income
$60,255
Median Earnings
$1,875
Median Rent
$679,023
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Thompsons Station | — | — |
| Brentwood | — | — |
| Nolensville | — | — |
| Triune | — | — |
Commercial property in Franklin, TN asks $606/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Franklin?
Commercial property in Franklin, TN asks an average of $606 per square foot. The 8 most recent recorded sales traded at a median of $189/SF, so asking sits 220% above the achieved median.
Where does Realmo's Franklin market data come from?
Realmo compiles Franklin, TN figures from 8 recent recorded sales, 112 active sale listings, 59 active lease listings, 3,441 tracked off-market properties, the current Franklin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 112 active for-sale and 59 active for-lease listings in Franklin, 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: 25,425 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, 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
