Commercial Real Estate Market in Lenoir City, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
162 active listings and 669 off-market properties in Lenoir City, TN. Commercial property asks $26/SF to buy and $15.94/SF/Yr to lease.
Market Trends
Lenoir City, TN spans 88.8 square miles in Loudon County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lenoir City, 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 Lenoir City, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lenoir City, 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 Lenoir City, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Lenoir City, TN has 30,275 residents in 13,759 households. Density runs 341 people per square mile. Median household income here is $76,925 and median gross rent $1,100 a month.
30,275
Population
13,759
Households
2.2
Avg Household Size
44
Median Age
28%
College-Educated
89%
High-School Grad
88.8 sq mi
ZIP Area
341
Density / Sq Mi
$76,925
Median Household Income
$40,989
Median Earnings
$1,100
Median Rent
$294,733
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Loudon | — | — |
| Friendsville | — | — |
| Greenback | — | — |
| Philadelphia | — | — |
Commercial property in Lenoir City, TN asks $26/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lenoir City?
Commercial property in Lenoir City, TN asks an average of $26 per square foot. The 8 most recent recorded sales traded at a median of $205/SF.
How much does it cost to lease commercial space in Lenoir City?
Asking lease rates in Lenoir City, TN average $15.94 per square foot per year.
Where does Realmo's Lenoir City market data come from?
Realmo compiles Lenoir City, TN figures from 8 recent recorded sales, 154 active sale listings, 8 active lease listings, 669 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 154 active for-sale and 8 active for-lease listings in Lenoir City, 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.
- 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
