Commercial Real Estate Market in Madison, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
34 active listings and 880 off-market properties in Madison, TN.
Market Trends
Madison, TN spans 21.5 square miles in Davidson County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Madison, TN has a median asking sale price of $280/SF (based on 7 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Madison, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Madison, 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 Madison, TN has a median asking sale price of $209/SF (based on 7 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Madison, TN has 39,821 residents in 19,845 households. Density runs 1,856 people per square mile. Median household income here is $53,034 and median gross rent $1,263 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Goodlettsville | $237 | — |
| Hendersonville | $265 | $24.00 |
| Nashville | $354 | $27.38 |
Commercial property in Madison, TN asks $237/SF. The 3 bordering markets run from $237/SF in Goodlettsville to $354/SF in Nashville, and the city sits below their $265/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Madison?
How does Madison compare to nearby markets on price?
Where does Realmo's Madison market data come from?
Methodology & data sources
- Asking prices and medians
- There are 21 active for-sale and 13 active for-lease listings in Madison, TN. The sale median is based on 14 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- 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
