Commercial Real Estate Market in Franklin, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
101 active listings and 3,441 off-market properties in Franklin, TN. Commercial property asks $466/SF to buy (based on 6 listings) and $35.97/SF/Yr to lease (based on 3 listings).
Market Trends
Franklin, TN spans 252.5 square miles in Williamson County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Franklin, TN has a median asking sale price of $437/SF (based on 5 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Franklin, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Franklin, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Franklin?
How much does it cost to lease commercial space in Franklin?
Where does Realmo's Franklin market data come from?
Methodology & data sources
- Asking prices and medians
- There are 36 active for-sale and 65 active for-lease listings in Franklin, TN. The medians are based on 6 of the for-sale and 3 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
