Commercial Real Estate Market in Gallatin, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
38 active listings and 1,051 off-market properties in Gallatin, TN. Commercial property asks $186/SF to buy and $20.64/SF/Yr to lease (based on 3 listings).
Market Trends
Gallatin, TN spans 116.3 square miles in Sumner County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Gallatin, TN has a median asking sale price of $194/SF (based on 4 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Gallatin, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Gallatin, 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 space in Gallatin, TN has a median asking sale price of $183/SF (based on 6 listings). Vacancy 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
- Residential 53.9%
- Commercial 19.7%
- Industrial 15.5%
- Mixed use 5.7%
- Planned_development 3.7%
- Civic 0.2%
Largest Zones share of zoned land by district
Gallatin, TN zones 20,582 acres across 34 districts. Commercial zoning covers 19.7% of zoned land, residential 53.9% and industrial 15.5%. The largest single district is Multiple Residential And Office at 12.2%. For commercial buyers the practical constraint is that only 35.2% of land carries a commercial or industrial designation.
The R8 District is intended to provide medium density residential neighborhoods with single family characteristics, while also allowing considerable latitude in the physical design of housing. Generally, this district will permit single family detached and attached residential and townhouses, except when otherwise permitted in a residential overlay district,…
Market overview
Demographics & Economy
Gallatin, TN has 59,370 residents in 25,939 households. Density runs 510 people per square mile. Median household income here is $78,049 and median gross rent $1,305 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Hendersonville | $265 | $24.00 |
| Mount Juliet | $493 | $23.96 |
| Portland | $315 | — |
Commercial property in Gallatin, TN asks $186/SF. The 3 bordering markets run from $265/SF in Hendersonville to $493/SF in Mount Juliet, and the city sits below their $315/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Gallatin?
How much does it cost to lease commercial space in Gallatin?
How does Gallatin compare to nearby markets on price?
What zoning applies to commercial property in Gallatin?
Where does Realmo's Gallatin market data come from?
Methodology & data sources
- Asking prices and medians
- There are 22 active for-sale and 16 active for-lease listings in Gallatin, TN. The medians are based on 13 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: 20,582 zoned acres across 34 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 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 October 2026 · How Realmo checks market page data · Report a data issue
