Franklin, Tennessee is a city that offers a unique blend of history, culture, and commerce, making it an ideal location for businesses looking to establish a presence in the region. With a rich history dating back to 1799, Franklin has evolved into a thriving commercial hub, boasting a diverse range of industries, including healthcare, automotive, manufacturing, technology, and energy. The city's strategic location, approximately 21 miles south of Nashville, provides easy access to major transportation routes, including Interstate 65, U.S. Routes 31 and 431, and State Routes 96, 246, and 441. This infrastructure, combined with its highly educated population of around 70,000, makes Franklin an attractive location for businesses seeking to establish a strong presence in the region. The city is also home to several major corporations, including Nissan, Mitsubishi Motors, Clarcor, CKE Restaurants, and Jackson National Life, further solidifying its reputation as a hub for commerce and industry. Additionally, Franklin's vibrant arts and cultural scene, which features several major annual events, including the Pilgrimage Music and Cultural Festival and the Main Street Festival, makes it an attractive location for businesses seeking to tap into the city's creative energy.
Franklin's commercial real estate market is characterized by a diverse range of properties, including 85 commercial real estate properties for lease. These properties offer a range of options for businesses, from office spaces to retail and industrial spaces, with average annual rents ranging from $18 USD to $34 USD per square foot. The average size of these properties is around 13,346 square feet, with options ranging from 10 to 378,972 square feet. In addition to its commercial real estate options, Franklin is also home to a range of office spaces, coworking spaces, retail spaces, and industrial spaces, offering businesses a range of options to suit their specific needs. With its unique blend of history, culture, and commerce, Franklin is an attractive location for businesses seeking to establish a strong presence in the region.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Franklin, Tennessee, there are several key factors to consider, including:
- Location and accessibility, with proximity to major transportation routes like Interstate 65 and state routes, as well as amenities like parks and festivals, which can impact foot traffic and employee convenience;
- The type and size of space needed, with available listings totaling 85 and average sizes ranging from 13,346 square feet to 378,972 square feet;
- Cost and budget, with average annual rent per square foot at $34 USD, as well as additional expenses like utilities and maintenance, which can vary depending on the specific property and landlord.
How do I determine the right size and type of commercial property to rent for my business needs?
When searching for the right commercial property to rent for your business needs in Franklin, Tennessee, it's essential to consider factors such as the size of the space, the type of property, and the location. By evaluating your business requirements and assessing the available options, you can find a property that meets your needs and supports your growth.
- First, determine the minimum square footage required for your business operations, considering factors such as employee workspace, inventory storage, and customer areas. In Franklin, the average commercial property size is 13,346 square feet, with a maximum space size of 378,972 square feet available.
- Next, identify the type of commercial property that best suits your business, such as office space, retail, industrial, or warehouse. Franklin offers a range of commercial properties, with 85 available listings to choose from.
- Finally, consider the location of the property, taking into account factors such as proximity to major transportation routes, amenities, and your target market. Franklin's infrastructure, including Interstate 65 and various state routes, provides easy access to Nashville and other surrounding areas.
