Knoxville is driven by University of Tennessee, Oak Ridge National Laboratory, manufacturing, and healthcare. The West Knoxville and downtown corridors are most active. Tennessee is business-friendly with no state income tax.
By Angel Campa, Founder · Updated March 2026
Commercial Space
25M sq ft
Avg Office Rent
$14–$22/sq ft
Vacancy Rate
16%
Avg Lease Term
3–8 years
Knoxville office is Modified Gross or NNN. Oak Ridge research facility leases have DOE/government provisions. Manufacturing leases are NNN.
Tennessee Landlord–Tenant Guide
State-specific commercial lease laws, notice periods, and tenant rights for Tennessee →
Oak Ridge National Laboratory and DOE facility leases have federal government provisions. UT-affiliated research and startup leases are shorter-term with flexible provisions for rapid scaling.
A complete reference for commercial lease financial terms. Covers base rent, escalations, NNN vs gross, TI allowances, and percentage rent with examples.
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