Commercial Real Estate Market in Martin, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
57 active listings and 480 off-market properties in Martin, TN. Commercial property asks $198/SF to buy and $5.39/SF/Yr to lease.
Market Trends
Martin, TN spans 138.1 square miles in Weakley County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Martin, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Martin, TN asks $87/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Martin, 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 space in Martin, TN asks $115/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 70.5%
- Industrial 10.3%
- Civic 10.2%
- Commercial 8.1%
- Planned_development 0.9%
Largest Zones share of zoned land by district
Low Density Residential
University
Intermediate Business
High Density Residential
Planned Business
Martin, TN zones 8,109 acres across 13 districts. Commercial zoning covers 8.1% of zoned land, residential 70.5% and industrial 10.3%. The largest single district is Low Density Residential at 59.3%. For commercial buyers the practical constraint is that only 18.5% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
Section A. R-1 (Low Density Residential) District Within the R-1 (Low Density Residential) Di strict, as shown on the Zoning Map of Martin, Tennessee, the following regulations shall apply: 1. Uses Permitted (a) Single-family dwellings. (b) Manufactured residential dwellings as define d in Article 9 and subject to the provisions of Article 3, Section L of th…
Market overview
Demographics & Economy
Martin, TN has 15,826 residents in 6,754 households. Density runs 115 people per square mile. Median household income here is $49,301 and median gross rent $808 a month.
15,826
Population
6,754
Households
2.3
Avg Household Size
32
Median Age
28%
College-Educated
92%
High-School Grad
138.1 sq mi
ZIP Area
115
Density / Sq Mi
$49,301
Median Household Income
$31,403
Median Earnings
$808
Median Rent
$194,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sharon | — | — |
| Dresden | — | — |
| South Fulton | — | — |
| Rives | — | — |
Commercial property in Martin, TN asks $198/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Martin?
Commercial property in Martin, TN asks an average of $198 per square foot. The 7 most recent recorded sales traded at a median of $67/SF, so asking sits 195% above the achieved median. Multifamily carries the highest asking price at $115/SF.
How much does it cost to lease commercial space in Martin?
Asking lease rates in Martin, TN average $5.39 per square foot per year.
What zoning applies to commercial property in Martin?
Martin, TN zones 8,109 acres across 13 districts, of which 8.1% is commercial and 10.3% industrial. The largest single district is Low Density Residential at 59.3% of zoned land. Section A. R-1 (Low Density Residential) District Within the R-1 (Low Density Residential) Di strict, as shown on the Zoning Map of Martin, Tennessee, the following regulations shall apply: 1. Uses Permitted (a) Single-family dwellings. (b) Manufactured residential dwellings as define d in Article 9 and subject to the provisions of Article 3, Section L of th… Residential zoning covers 70.5% and open space 0%.
Where does Realmo's Martin market data come from?
Realmo compiles Martin, TN figures from 8 recent recorded sales, 55 active sale listings, 2 active lease listings, 480 tracked off-market properties, the current Martin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 55 active for-sale and 2 active for-lease listings in Martin, 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: 8,109 zoned acres across 13 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
