Germantown, TN Office Spaces for Lease
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Germantown, TN Office Spaces Lease Rates & Market Statistics
Explore 226 Office Spaces for lease in Germantown, TN on Realmo, a commercial real estate exchange covering the Germantown area. The current inventory totals 3,135,413 square feet of properties — an average of ~13,850 SF per listing.
Office Spaces lease rates in Germantown range from $3.88 SF/Yr at the entry level to $34 SF/Yr at the top of the market, averaging $16.72 SF/Yr. That's a 9x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. At $16.72 SF/Yr, the local average runs 34% below Tennessee's state average of $25.47 SF/Yr.
Germantown accounts for 90% of the 250 office spaces currently available across Shelby County, where nearby markets include Memphis and Bartlett. By space type, the market includes 130 office units, 73 office buildings and 30 medical office space listings — office units typically offer the lowest entry point, while office buildings command the highest rates.
Asking Rent Range
Median asking rent $17.00/SF/Yr in Germantown, TN; the middle half of 32 priced listings asks $12.38–$22.13/SF/Yr.
Box: the middle half of listings. Line: 5th to 95th percentile. Asking rents, not signed leases.
Germantown vs Tennessee Office Rents
The median asking rent in Germantown, TN is $17.00/SF/Yr, 15% below the Tennessee median of $20.00/SF/Yr.
Asking Rent Trend
The average asking rent for office space in Germantown, TN was $18.36/SF/Yr in Q2 26, up 6% from $17.30 in Q4 25.
Demographics Overview
Office Vacancy Rate
Office vacancy in South region stood at 20.2% in 2025, up from 14.4% in 2019. Figures are for South region, not for Germantown.
Office Space by Type
The largest space type in Germantown, TN is Office Units, with 130 listings.
Available Space by Size
The most common space size in Germantown, TN is 2,500–5,000 SF, with 45 of 195 listings that state a size.
How Realmo verifies these figures
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