Markets › Nashville, TN
Office Property Values in Nashville, TN
Automated market snapshot from recent comparable sales · Apr 2024 – Apr 2026. Updated 2026-07-14.
Nashville, TN office market
Nashville's office market has held up better than most U.S. peers, with sale prices running near $205-226 per square foot and Class A asking rents averaging around $30-34 per square foot annually. Overall vacancy sits in the 17-19 percent range but is trending down as major corporate tenants like Oracle and Starbucks commit to large long-term leases. A slowing construction pipeline and strong tenant demand for amenity-rich space are the key positive forces heading into late 2026.
What's driving Office prices in Nashville
Nashville office sale prices rose from a 2024 average of approximately $124-205/SF to $217-226/SF by early 2026, reflecting continued investor appetite for stabilized Class A assets even as transaction volume remained thin with roughly 11 deals closed in all of 2024.
- Flight-to-quality driving Class A lease-up while Class B/C vacancy widens, compressing values for older product
- Construction pipeline near 5-year low of 1.8M SF, limiting new supply and supporting rents in premium buildings
- Large corporate relocations (Oracle, Starbucks) absorbing significant blocks of space and validating trophy-asset pricing above $200/SF
- Overall vacancy still elevated at 17-19 percent, keeping rent growth muted at roughly 1.0 percent annually and capping cap rate compression
Recent Office comps in Nashville, TN
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 401 Commerce St, Nashville, TN 37219 (Truist Plaza) news | Apr 2024 | Sale | 338000 | $84,500,000 | $250/SF |
| The McEwen Building, Franklin, TN (Cool Springs submarket) news | Aug 2024 | Sale | 175262 | $48,800,000 | $278/SF |
| 3000 Meridian Blvd, Franklin, TN 37067 (Meridian Cool Springs) public record | Mar 2025 | Sale | 100000 | $19,500,000 | $195/SF |
| 1320 Adams St, Nashville, TN 37208 (Neuhoff District) news | Mar 2026 | Lease | 116000 | ||
| Peabody Union, South Bank, Nashville, TN news | Apr 2026 | Lease | 250000 | ||
| Nashville CBD / Downtown, Nashville, TN (State of Tennessee DCS lease) listing | Oct 2025 | Lease | 64674 |
Frequently asked questions
What is the average price per square foot for office space in Nashville, TN?
Recent sale comps put the median around $250/SF, with a typical range of $223–$264/SF across 3 recent sales (Apr 2024 – Apr 2026).
What cap rates are office properties trading at in Nashville?
Recent market data suggests roughly 5.5%–6.5% for stabilized office deals in the Nashville area.
How are these numbers calculated?
They are automated estimates built from recent comparable sales found in public listings, property records, and brokerage announcements. They are not an appraisal or a broker opinion of value.
How do I find out what my Nashville office property is worth?
Run a free valuation on CompNinja: enter the address and property type and you get an estimated value range from recent comps in under a minute. For a real opinion of value, we connect you with a licensed local broker at no cost.
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Nashville, TN, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.