Knoxville, Tennessee, a city with a rich history and strong economic growth, is an ideal location for businesses seeking to establish a presence in the Southeast. With its strategic location, Knoxville offers a unique blend of amenities, infrastructure, and education, making it an attractive destination for companies looking to lease industrial space. The city's proximity to major transportation hubs, including McGhee Tyson Airport and the rail terminals for Norfolk Southern and CSX, facilitates easy access to national and international markets. Additionally, the presence of esteemed institutions like the University of Tennessee and Oak Ridge National Laboratory provides a skilled workforce and opportunities for collaboration and innovation. Knoxville's vibrant arts and cultural scene, featuring festivals like the Dogwood Arts Festival and the Rossini Festival, also makes it an attractive location for businesses and employees alike.
With 24 industrial spaces available for lease, Knoxville offers a range of options for businesses of all sizes. From small startups to large corporations, Knoxville's industrial spaces offer flexibility and adaptability, with average annual rent per square foot of $11 USD and average size of 63,734 square feet. In addition to industrial spaces, Knoxville also offers a range of other property types, including flex spaces, commercial real estate, land, and restaurants. Flex spaces, with their unique blend of office and warehouse space, are ideal for businesses that require a flexible work environment. Commercial real estate options, including office buildings and retail spaces, provide opportunities for businesses to establish a strong presence in the city. Land and restaurant properties are also available, offering opportunities for development and entrepreneurship. With its diverse range of property types and amenities, Knoxville is an attractive location for businesses seeking to establish a strong presence in the Southeast.
What is the average size of industrial space for lease in the Knoxville market?
The average size of industrial space for lease in the Knoxville market is 63,734 square feet, with 24 available listings to choose from, offering a range of options from small to large spaces, up to 436,332 square feet.
What do I need to look for when leasing an industrial space in Knoxville?
When leasing an industrial space in Knoxville, there are several key factors to consider to ensure you find the right property for your business needs.
- Average annual rent per square foot, which is currently $11 USD per square foot, and average space! size, which is approximately 63,734 square feet, to determine your budget and space requirements.
- Proximity to major transportation hubs, such as McGhee Tyson Airport and the rail terminals for Norfolk Southern and CSX, as well as access to I-40 and I-275, to ensure efficient logistics and supply chain management.
- Zoning regulations and local ordinances that may impact your business operations, as well as the availability of utilities and services provided by the Knoxville Utilities Board (KUB) and Knoxville Area Transit (KAT).
