Nashville is a fast-growing commercial market driven by healthcare, entertainment, and financial services. The Nashville CBD, Green Hills, and Cool Springs submarkets are active. Tennessee has no state income tax, attracting corporate relocations.
By Angel Campa, Founder · Updated March 2026
Commercial Space
60M sq ft
Avg Office Rent
$28–$45/sq ft
Vacancy Rate
19%
Avg Lease Term
5–10 years
Nashville office leases mix NNN and Modified Gross. Healthcare campus leases are often FSG. Industrial is NNN. The healthcare sector drives unique permitted use and build-out provisions.
Tennessee Landlord–Tenant Guide
State-specific commercial lease laws, notice periods, and tenant rights for Tennessee →
Healthcare is Nashville's largest industry, generating hospital system campus leases and medical office building leases with specialized permitted use and TI provisions.
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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