Commercial Real Estate Market in Ooltewah, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
53 active listings and 557 off-market properties in Ooltewah, TN. Commercial property asks $29/SF to buy and $17.16/SF/Yr to lease.
Market Trends
Ooltewah, TN spans 60.1 square miles in Hamilton County, Tennessee. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Ooltewah, 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 Ooltewah, TN asks $149/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 Ooltewah, 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 Ooltewah, TN asks $162/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
Market overview
Demographics & Economy
Ooltewah, TN has 41,120 residents in 16,584 households. Density runs 684 people per square mile. Median household income here is $94,873 and median gross rent $1,495 a month.
41,120
Population
16,584
Households
2.5
Avg Household Size
41
Median Age
43%
College-Educated
93%
High-School Grad
60.1 sq mi
ZIP Area
684
Density / Sq Mi
$94,873
Median Household Income
$50,180
Median Earnings
$1,495
Median Rent
$349,600
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Ooltewah?
Commercial property in Ooltewah, TN asks an average of $29 per square foot. The 7 most recent recorded sales traded at a median of $235/SF. Multifamily carries the highest asking price at $162/SF.
How much does it cost to lease commercial space in Ooltewah?
Asking lease rates in Ooltewah, TN average $17.16 per square foot per year.
Where does Realmo's Ooltewah market data come from?
Realmo compiles Ooltewah, TN figures from 8 recent recorded sales, 47 active sale listings, 6 active lease listings, 557 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 47 active for-sale and 6 active for-lease listings in Ooltewah, 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 30 September 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 30 September 2026 · report a data issue
