2023 Office Space Rent & Sales
- $24.50 2023 Avg. Asking Rent
- 7.37% 2023 Office Vacancy Rate
Chattanooga office price per square foot in 2023 was $24.50 on average. The local office market recorded an average vacancy rate of 7.37% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Tennessee Class A & A+ Office Space$31.18
- Tennessee Class B Office Space$22.11
- Tennessee Class C Office Space$26.18
Chattanooga, TN Office Asking Rents by Class
Office Spaces for Rent in Tennessee
Coworking Spaces in Tennessee
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2023 Office Construction in Chattanooga, TN
| Office building | Address | SF | Completed |
|---|---|---|---|
| Central Crossing | 1939 Central Ave, 37408 | 52,200 | 2024 |
| 1939 Central Ave Suite 102 | 1939 Central Ave Suite 102, 37408 | 2,355 | 2024 |
| 1939 Central Ave Suite 101 | 1939 Central Ave Suite 101, 37408 | 1,930 | 2024 |
| 1939 Central Ave Suite 103 | 1939 Central Ave Suite 103, 37408 | 1,285 | 2024 |
| 1939 Central Ave Suite 104 | 1939 Central Ave Suite 104, 37408 | 963 | 2024 |
| 5237 Hixson Pike | 5237 Hixson Pike, 37343 | 1,875 | 2006 |
| 1043 Executive Dr. | 1043 Executive Dr., 37415 | 3,300 | 2004 |
| Lifestyle Center | 325 Market St, 37402 | 54,386 | 1997 |
| 811 Broad St, ste 400 | 811 Broad Street, 37402 | 46,109 | 1995 |
| 6224 Airpark Dr | 6224 Airpark Dr, 37421 | 12,096 | 1994 |
Worth noting among recent office completions on the Chattanooga market is Central Crossing, which is currently the largest new office development in the city, at 52,200 square feet.
See reports for other markets
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- Memphis Office Rent Price
- Knoxville Office Rent Price
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Chattanooga commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.