Commercial Real Estate Market in Gatlinburg, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
190 active listings and 446 off-market properties in Gatlinburg, TN.
Market Trends
Gatlinburg, TN spans 214.6 square miles in Sevier County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Gatlinburg, TN asks $156/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Gatlinburg, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Gatlinburg, 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 space in Gatlinburg, TN asks $307/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 72.6%
- Industrial 18%
- Open space 3.2%
- Residential 0%
Largest Zones share of zoned land by district
Low Density Residential
General Business
Medium Density Residential
No Zoning
Tourist Commercial
Gatlinburg, TN zones 6,314 acres across 10 districts. Commercial zoning covers 72.6% of zoned land, residential 0%, open space 3.2% and industrial 18%. The largest single district is Low Density Residential at 47.9%. For commercial buyers the practical constraint is that only 90.6% of land carries a commercial or industrial designation.
General Business (C-2)
Commercial District, C-2 General Business District, and/or C-5 Crafts Commercial District. OWNER: Any person, agent, firm, or corporation having a legal or equitable interest in the property. PARKING LOT: An open area, other than a street, used for the parking of automobiles. PARKING SPACE : A space within a building or private or public parking lot, exclusi…
Market overview
Demographics & Economy
Gatlinburg, TN has 5,001 residents in 7,075 households. Density runs 23 people per square mile. Median household income here is $63,133 and median gross rent $1,090 a month.
5,001
Population
7,075
Households
0.7
Avg Household Size
49
Median Age
31%
College-Educated
91%
High-School Grad
214.6 sq mi
ZIP Area
23
Density / Sq Mi
$63,133
Median Household Income
$29,169
Median Earnings
$1,090
Median Rent
$275,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pigeon Forge | — | $26.04 |
| Needmore | — | — |
| Bryson City | — | — |
| Townsend | — | — |
Commercial property in Gatlinburg, TN asks $242/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gatlinburg?
Commercial property in Gatlinburg, TN asks an average of $242 per square foot. The 6 most recent recorded sales traded at a median of $318/SF. Multifamily carries the highest asking price at $307/SF.
What zoning applies to commercial property in Gatlinburg?
Gatlinburg, TN zones 6,314 acres across 10 districts, of which 72.6% is commercial and 18% industrial. The largest single district is Low Density Residential at 47.9% of zoned land. Residential zoning covers 0% and open space 3.2%.
Where does Realmo's Gatlinburg market data come from?
Realmo compiles Gatlinburg, TN figures from 6 recent recorded sales, 185 active sale listings, 5 active lease listings, 446 tracked off-market properties, the current Gatlinburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 185 active for-sale and 5 active for-lease listings in Gatlinburg, 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: 6,314 zoned acres across 10 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
