Warehouse rent in Tennessee
Tennessee warehouse rent: 2 metros, $4.36 to $9.46 per square foot. Cushman & Wakefield Q1 2026 industrial asking rents.
Q1 2026 metros
The Cushman & Wakefield United States Industrial Marketbeat for Q1 2026 (preliminary) lists 2 metros in Tennessee. It does not publish a statewide asking rent, and the table repeats each metro figure on its own. The lowest overall asking rent among these 2 metros is $4.36 per square foot in Memphis, TN. The highest is $9.46 per square foot in Nashville, TN. The national overall asking rent in that report is $10.20 per square foot, which is not a Tennessee rate. Vacancy in the table is each metro overall vacancy from the same report.
| Metro | Overall asking rent (NNN, $/sf/yr) | Vacancy |
|---|---|---|
| Memphis, TN | $4.36 | 7.7% |
| Nashville, TN | $9.46 | 4.4% |
Source / as of: Cushman & Wakefield, United States Industrial Marketbeat, Q1 2026 (preliminary). Overall weighted asking rent, NNN, all property types.