Commercial Real Estate Market in Knoxville, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
330 active listings and 8,249 off-market properties in Knoxville, TN. Commercial property asks $213/SF to buy and $18.50/SF/Yr to lease.
Market Trends
Knoxville, TN spans 386.0 square miles in Knox County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Knoxville, TN has a median asking sale price of $320/SF (based on 5 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Knoxville, TN has a median asking sale price of $289/SF (based on 7 listings). Vacancy runs 5.1% in 2025, up from 4.6% in 2019.
Industrial
Industrial vacancy in Knoxville, 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 Knoxville, TN has a median asking sale price of $200/SF. 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 51%
- Industrial 9.7%
- Open space 9.5%
- Commercial 8.4%
- Mixed use 7.4%
- Agricultural 4.3%
- Civic 4%
Largest Zones share of zoned land by district
Knoxville, TN zones 55,365 acres across 44 districts. Commercial zoning covers 8.4% of zoned land, residential 51%, open space 9.5% and industrial 9.7%. The largest single district is Single Family Residential Neighborhood at 31.3%. For commercial buyers the practical constraint is that only 18.1% of land carries a commercial or industrial designation.
RN-1 Single-Family Residential Neighborhood Zoning District The RN-1 Single-Family Residential Neighborhood Zoning District is intended to accommodate traditional low density residential neighborhoods in the City of Knoxville, exhibiting a predominant development pattern of single-family homes on relatively large lots and with generous setbacks. Two-family d…
Market overview
Demographics & Economy
Knoxville, TN has 434,474 residents in 196,720 households. Density runs 1,126 people per square mile. Median household income here is $76,056 and median gross rent $1,256 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Knoxville?
How much does it cost to lease commercial space in Knoxville?
What zoning applies to commercial property in Knoxville?
Where does Realmo's Knoxville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 152 active for-sale and 178 active for-lease listings in Knoxville, TN. The medians are based on 52 of the for-sale and 46 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: 55,365 zoned acres across 44 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, industrial vacancy is reported at South region level and multifamily 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
