Commercial Real Estate Market in Shelbyville, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
26 active listings and 1,145 off-market properties in Shelbyville, TN.
Market Trends
Shelbyville, TN spans 233.3 square miles in Bedford County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Shelbyville, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Shelbyville, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Shelbyville, TN has a median asking sale price of $160/SF (based on 3 listings). Vacancy 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 Shelbyville, TN has a median asking sale price of $104/SF (based on 3 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.5%
- Industrial 20.3%
- Commercial 17.3%
- Planned_development 3.2%
- Civic 0.7%
- Mixed use 0%
Largest Zones share of zoned land by district
Shelbyville, TN zones 11,584 acres across 17 districts. Commercial zoning covers 17.3% of zoned land, residential 57.5% and industrial 20.3%. The largest single district is Medium Density Residential at 23.3%. For commercial buyers the practical constraint is that only 37.5% of land carries a commercial or industrial designation.
Medium Density Residential R-2 High Density Residential R-3 Multi-Family Residential R-4 Mobile Home Park MHP Commercial Central Business C-1 General Commercial C-2 Neighborhood Commercial C-3 Industrial Light Industrial I-1 General Industrial I-2 Outdoor Industrial I-3 Overlay Districts: Historic Overlay (H-1) and Planned Unit Development (PUD) Shelbyville…
Market overview
Demographics & Economy
Shelbyville, TN has 36,976 residents in 14,130 households. Density runs 159 people per square mile. Median household income here is $58,899 and median gross rent $924 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Shelbyville?
What zoning applies to commercial property in Shelbyville?
Where does Realmo's Shelbyville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 20 active for-sale and 6 active for-lease listings in Shelbyville, TN. The sale median is based on 9 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.
- Zoning and land use
- The current municipal zoning release: 11,584 zoned acres across 17 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 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
