Commercial Real Estate Market in Lebanon, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
64 active listings and 1,506 off-market properties in Lebanon, TN. Commercial property asks $275/SF to buy (based on 6 listings) and $20.22/SF/Yr to lease (based on 8 listings).
Market Trends
Lebanon, TN spans 331.4 square miles in Wilson County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lebanon, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Lebanon, TN has a median asking sale price of $705/SF (based on 3 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Lebanon, 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 Lebanon, 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
- Residential 41.4%
- Industrial 21.5%
- Mixed use 16.6%
- Planned_development 9.2%
- Agricultural 7.9%
- Civic 1.4%
Largest Zones share of zoned land by district
A. RPO - Rural Preservation/Open Space o B. RS20 - Single-Family Residential 20,000 o C. RS12 - Single-Family Residential 12,000 o D. RS9 - Single-Family Residential 9,000 o E. RS6 - Single-Family Residential 6,000 o F. RD9 - Duplex Residential 9,000 o G. RXH - Mixed Housing o H. RM6 - Multifamily Residential 6,000 o I. RMH - Mobile Home Park Residential 14.…
Market overview
Demographics & Economy
Lebanon, TN has 70,027 residents in 29,465 households. Density runs 211 people per square mile. Median household income here is $82,046 and median gross rent $1,206 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Mount Juliet | $493 | $23.96 |
| Gallatin | $186 | $20.64 |
Commercial property in Lebanon, TN asks $275/SF. The 2 bordering markets run from $186/SF in Gallatin to $493/SF in Mount Juliet, and the city sits below their $339/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lebanon?
How much does it cost to lease commercial space in Lebanon?
How does Lebanon compare to nearby markets on price?
Where does Realmo's Lebanon market data come from?
Methodology & data sources
- Asking prices and medians
- There are 27 active for-sale and 37 active for-lease listings in Lebanon, TN. The medians are based on 6 of the for-sale and 8 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: 24,394 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 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
