Commercial Real Estate Market in Gallatin, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
92 active listings and 1,051 off-market properties in Gallatin, TN. Commercial property asks $162/SF to buy and $14.40/SF/Yr to lease.
Market Trends
Gallatin, TN spans 116.3 square miles in Sumner County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gallatin, 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 Gallatin, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Gallatin, 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 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
Multiple Residential And Office
Industrial Restrictive District
Medium Density Planned Residential Development
Low Density Residential District
Agricultural 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.
Medium Density Planned Residential Development (R-8(PRD))
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.
59,370
Population
25,939
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
116.3 sq mi
ZIP Area
510
Density / Sq Mi
$78,049
Median Household Income
$43,311
Median Earnings
$1,305
Median Rent
$376,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cottontown | — | — |
| Castalian Springs | — | — |
| Rock Bridge | — | — |
| Hendersonville | — | — |
Commercial property in Gallatin, TN asks $162/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gallatin?
Commercial property in Gallatin, TN asks an average of $162 per square foot. The 6 most recent recorded sales traded at a median of $167/SF.
How much does it cost to lease commercial space in Gallatin?
Asking lease rates in Gallatin, TN average $14.40 per square foot per year.
What zoning applies to commercial property in Gallatin?
Gallatin, TN zones 20,582 acres across 34 districts, of which 19.7% is commercial and 15.5% industrial. The largest single district is Multiple Residential And Office at 12.2% of zoned land. Residential zoning covers 53.9% and open space 0%.
Where does Realmo's Gallatin market data come from?
Realmo compiles Gallatin, TN figures from 8 recent recorded sales, 79 active sale listings, 13 active lease listings, 1,051 tracked off-market properties, the current Gallatin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 79 active for-sale and 13 active for-lease listings in Gallatin, 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: 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 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 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 August 2026 · report a data issue
