Commercial Real Estate Market in Smyrna, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
51 active listings and 1,627 off-market properties in Smyrna, TN. Commercial property asks $187/SF to buy and $23.11/SF/Yr to lease.
Market Trends
Smyrna, TN spans 55.0 square miles in Rutherford County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Smyrna, 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 Smyrna, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Smyrna, 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 Smyrna, 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
- Planned_development 41.3%
- Residential 27.2%
- Industrial 13.7%
- Commercial 9.3%
- Special 8.3%
Largest Zones share of zoned land by district
Low Density Residential
Planned Residential District
Medium Density Residential
General Commercial
Airport District
Low Density Residential (R-1)
The purpose of R-1 zone is to provide for low density residential development characterized by an open appearance, will consist of single family detached dwellings except when otherwise permitted as a planned development and such other structures as are accessory thereto
Market overview
Demographics & Economy
Smyrna, TN has 61,731 residents in 23,694 households. Density runs 1,122 people per square mile. Median household income here is $79,720 and median gross rent $1,359 a month.
61,731
Population
23,694
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
55 sq mi
ZIP Area
1,122
Density / Sq Mi
$79,720
Median Household Income
$42,705
Median Earnings
$1,359
Median Rent
$330,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| La Vergne | — | — |
| Nolensville | — | — |
| Antioch | — | — |
| Gladeville | — | — |
Commercial property in Smyrna, TN asks $187/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Smyrna?
Commercial property in Smyrna, TN asks an average of $187 per square foot. The 8 most recent recorded sales traded at a median of $470/SF.
How much does it cost to lease commercial space in Smyrna?
Asking lease rates in Smyrna, TN average $23.11 per square foot per year.
Where does Realmo's Smyrna market data come from?
Realmo compiles Smyrna, TN figures from 8 recent recorded sales, 32 active sale listings, 19 active lease listings, 1,627 tracked off-market properties, the current Smyrna zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 19 active for-lease listings in Smyrna, 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: 20,061 zoned acres across 20 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
