Commercial Real Estate Market in Smyrna, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
25 active listings and 1,625 off-market properties in Smyrna, TN. Commercial property asks $365/SF to buy (based on 6 listings) and $22.05/SF/Yr to lease (based on 5 listings).
Market Trends
Smyrna, TN spans 55.0 square miles in Rutherford County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Smyrna, TN has a median asking sale price of $365/SF (based on 4 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Smyrna, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Smyrna, TN 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
- Planned_development 41.3%
- Residential 27.2%
- Industrial 13.7%
- Commercial 9.3%
- Special 8.3%
Largest Zones share of zoned land by district
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Murfreesboro | $251 | $21.51 |
| Mount Juliet | $493 | $23.96 |
Commercial property in Smyrna, TN asks $365/SF. The 2 bordering markets run from $251/SF in Murfreesboro to $493/SF in Mount Juliet, and the city sits below their $372/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Smyrna?
How much does it cost to lease commercial space in Smyrna?
How does Smyrna compare to nearby markets on price?
Where does Realmo's Smyrna market data come from?
Methodology & data sources
- Asking prices and medians
- There are 12 active for-sale and 13 active for-lease listings in Smyrna, TN. The medians are based on 6 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. 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: 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 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
