Commercial Real Estate Market in Manchester, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 795 off-market properties in Manchester, TN. Commercial property asks $119/SF to buy and $11.79/SF/Yr to lease.
Market Trends
Manchester, TN spans 207.0 square miles in Coffee County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Manchester, 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 Manchester, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Manchester, 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 Manchester, 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 66.2%
- Commercial 20%
- Industrial 9.1%
- Planned_development 4.4%
Largest Zones share of zoned land by district
Large Lot Residential District
Medium Density Residential District
Low Density Residential District
Highway Service District
Light Industrial District
Manchester, TN zones 9,023 acres across 14 districts. Commercial zoning covers 20% of zoned land, residential 66.2% and industrial 9.1%. The largest single district is Large Lot Residential District at 29.6%. For commercial buyers the practical constraint is that only 29.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Manchester, TN has 28,487 residents in 12,288 households. Density runs 138 people per square mile. Median household income here is $62,943 and median gross rent $908 a month.
28,487
Population
12,288
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
207 sq mi
ZIP Area
138
Density / Sq Mi
$62,943
Median Household Income
$36,583
Median Earnings
$908
Median Rent
$238,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hillsboro | — | — |
| Normandy | — | — |
| Tullahoma | — | $25.19 |
| Morrison | — | — |
Commercial property in Manchester, TN asks $119/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manchester?
Commercial property in Manchester, TN asks an average of $119 per square foot. The 7 most recent recorded sales traded at a median of $71/SF, so asking sits 67% above the achieved median.
How much does it cost to lease commercial space in Manchester?
Asking lease rates in Manchester, TN average $11.79 per square foot per year.
What zoning applies to commercial property in Manchester?
Manchester, TN zones 9,023 acres across 14 districts, of which 20% is commercial and 9.1% industrial. The largest single district is Large Lot Residential District at 29.6% of zoned land. Residential zoning covers 66.2% and open space 0%.
Where does Realmo's Manchester market data come from?
Realmo compiles Manchester, TN figures from 7 recent recorded sales, 24 active sale listings, 3 active lease listings, 795 tracked off-market properties, the current Manchester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 3 active for-lease listings in Manchester, 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: 9,023 zoned acres across 14 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 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
