Commercial Real Estate Market in Lebanon, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
158 active listings and 1,506 off-market properties in Lebanon, TN. Commercial property asks $937/SF to buy and $19.28/SF/Yr to lease.
Market Trends
Lebanon, TN spans 331.4 square miles in Wilson County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lebanon, 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 Lebanon, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Lebanon, 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 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
Single Family Residential 20000
Planned Business Industrial
Duplex Residential 9000
Rural Preservation And Open Space
Specific Plan
Duplex Residential 9000 (RD9)
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.
70,027
Population
29,465
Households
2.4
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
331.4 sq mi
ZIP Area
211
Density / Sq Mi
$82,046
Median Household Income
$44,069
Median Earnings
$1,206
Median Rent
$368,530
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gladeville | — | — |
| Castalian Springs | — | — |
| Norene | — | — |
| Watertown | — | — |
Commercial property in Lebanon, TN asks $937/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lebanon?
Commercial property in Lebanon, TN asks an average of $937 per square foot. The 8 most recent recorded sales traded at a median of $425/SF, so asking sits 120% above the achieved median.
How much does it cost to lease commercial space in Lebanon?
Asking lease rates in Lebanon, TN average $19.28 per square foot per year.
Where does Realmo's Lebanon market data come from?
Realmo compiles Lebanon, TN figures from 8 recent recorded sales, 127 active sale listings, 31 active lease listings, 1,506 tracked off-market properties, the current Lebanon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 127 active for-sale and 31 active for-lease listings in Lebanon, 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: 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 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
