Commercial Real Estate Market in Philadelphia, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 47 off-market properties in Philadelphia, TN.
Market Trends
Philadelphia, TN spans 72.6 square miles in Loudon County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Philadelphia, 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 Philadelphia, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Philadelphia, 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 Philadelphia, 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 91%
- Commercial 9%
Largest Zones share of zoned land by district
Residential And Agricultural District
Residential District
Commercial District
Philadelphia, TN zones 1,018 acres across 3 districts. Commercial zoning covers 9% of zoned land, residential 91%. The largest single district is Residential And Agricultural District at 74.7%. For commercial buyers the practical constraint is that only 9% of land carries a commercial or industrial designation.
Residential And Agricultural District (R-A)
Within the R-A, Residential/Agricultural District, as shown on the Zoning Map of Philadelphia, Tennessee, the following regulations plus the other applicable provisions of this zoning code shall apply: 1. Permitted uses and structures: a. Single-family dwellings and two-family attached dwellings. b. Institutions (including churches, schools, offering general…
Market overview
Demographics & Economy
Philadelphia, TN has 4,994 residents in 1,678 households. Density runs 69 people per square mile. Median household income here is $71,147 and median gross rent $780 a month.
4,994
Population
1,678
Households
3
Avg Household Size
42
Median Age
14%
College-Educated
84%
High-School Grad
72.6 sq mi
ZIP Area
69
Density / Sq Mi
$71,147
Median Household Income
$45,670
Median Earnings
$780
Median Rent
$200,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Loudon | — | — |
| Sweetwater | — | — |
| Madisonville | — | — |
| Lenoir City | — | $15.94 |
Commercial property in Philadelphia, TN asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Philadelphia?
Commercial property in Philadelphia, TN asks an average of $7 per square foot.
What zoning applies to commercial property in Philadelphia?
Philadelphia, TN zones 1,018 acres across 3 districts, of which 9% is commercial and 0% industrial. The largest single district is Residential And Agricultural District at 74.7% of zoned land. Within the R-A, Residential/Agricultural District, as shown on the Zoning Map of Philadelphia, Tennessee, the following regulations plus the other applicable provisions of this zoning code shall apply: 1. Permitted uses and structures: a. Single-family dwellings and two-family attached dwellings. b. Institutions (including churches, schools, offering general… Residential zoning covers 91% and open space 0%.
Where does Realmo's Philadelphia market data come from?
Realmo compiles Philadelphia, TN figures from 18 active sale listings, 47 tracked off-market properties, the current Philadelphia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 0 active for-lease listings in Philadelphia, 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: 1,018 zoned acres across 3 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
