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East Tennessee Commercial Real Estate

Wallace Commercial pairs nine decades of East Tennessee market knowledge with a full-service commercial team — guiding investors, owners, and tenants through office, retail, industrial, multifamily, and land transactions across the Knoxville region.

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Exceptional Commercial Services

Whether you are looking to acquire, sell, lease, or develop commercial property, Wallace professionals provide expert guidance through every aspect of the transaction.

Buyer & Investor Services

From single storefronts to portfolio acquisitions, our advisors source on- and off-market opportunities, model returns, and negotiate terms that protect your downside.

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Seller Services

Data-driven valuations, targeted marketing to qualified buyers, and expert guidance through every stage of the commercial transaction — from listing to closing table.

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Leasing & Tenant Representation

Leasing commercial space is complex. Wallace brokers act as independent tenant representatives — negotiating lease terms, renewals, and expansions in your best interest.

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Why Wallace Commercial

The advantage of a hometown firm with a global network — and the data to back every decision.

Full-service commercial brokerage: acquisition, disposition, leasing, tenant representation, development consulting, and property management under one roof.
Local depth, global reach: Wallace advisors live in these submarkets — and connect to 200+ affiliated firms in 20 countries when your requirement crosses state or national lines.
Market data you can act on: we continuously collect East Tennessee transaction and absorption data so pricing decisions rest on evidence, not instinct.
A growth market: Knoxville’s metro is among the Southeast’s fastest-growing — driving demand across retail, industrial, multifamily, and hospitality.
Since 1936: nine decades of Wallace relationships across East Tennessee open doors — including off-market opportunities that never hit a listing service.
One call covers it: Wallace Commercial: (865) 690-1111.

Commercial Property Types

Every asset class has its own East Tennessee story. Here’s where our advisors are seeing activity.

Office ◊ Class A to Flex

Downtown Knoxville towers, suburban campuses, and medical office along the region’s healthcare corridors.

Retail ◊ Storefront to Center

High-traffic corridors like Kingston Pike plus growing suburban nodes in Farragut, Maryville, and Sevierville.

Industrial & Warehouse ◊ I-40 / I-75 / I-81

Distribution and manufacturing space at the crossroads of three interstates serving two-thirds of the U.S. within a day’s drive.

Multifamily ◊ Investment

Apartment communities and small multifamily assets riding East Tennessee’s sustained population growth.

Hospitality & Mixed-Use ◊ Tourism Corridor

Hotels, short-term-rental developments, and mixed-use projects from downtown Knoxville to the Smokies gateway towns.

Development Land ◊ Ground-Up

Commercial pads, rezoning candidates, and large acreage tracts — vetted for utilities, access, and entitlement path.

Commercial FAQs

Quick answers to common questions about buying, selling, and leasing commercial property in East Tennessee.

What types of commercial property does Wallace handle?

Office, retail, industrial and warehouse, multifamily, hospitality, medical, mixed-use, and development land — across Knoxville and all of East Tennessee. Whether you’re acquiring a single storefront or assembling a development site, our advisors have closed it before.

Does Wallace Commercial help with leasing as well as sales?

Yes. Our brokers represent both landlords and tenants — from negotiating lease terms and renewals to marketing vacant space. As independent tenant representatives, we work for our clients’ best interests, not the building’s.

Why choose a local commercial brokerage over a national firm?

Commercial value in East Tennessee is hyper-local: traffic counts, county incentives, utility capacity, and rezoning climates vary block by block. Wallace pairs that on-the-ground knowledge with a global network of 200+ affiliated firms in 20 countries, so you get local expertise with worldwide reach.

Can Wallace help me sell or lease my commercial property?

Absolutely. We build a valuation from current market data, position the property to the right buyer or tenant pool, and manage marketing, negotiations, and due diligence through closing — a full-service process for owners.

What should I know before buying commercial property in Tennessee?

Tennessee’s lack of a state income tax and East Tennessee’s population growth make it a strong commercial market. Key diligence items include zoning and permitted use, environmental history, utility capacity, access and parking requirements, and realistic lease-up assumptions — our advisors walk you through each.

How is the East Tennessee commercial market performing?

Knoxville’s metro growth continues to drive demand for retail, industrial, and multifamily space, while tourism corridors around Sevierville and the lakes support hospitality and mixed-use investment. Ask us for the current data on your property type and submarket.

Does Wallace offer commercial property management?

Yes — Wallace offers property management services alongside brokerage, so owners can keep leasing, maintenance, and tenant relations under one roof.

What’s the best way to get started?

Tell us what you’re trying to accomplish — buy, sell, lease, or develop. A Wallace Commercial advisor will follow up with relevant listings, a valuation, or market data, usually the same business day.

Have a requirement or a property? Call Wallace Commercial at (865) 690-1111 — an advisor will follow up the same business day.

Ready to Make Your Move?

Tell us whether you’re buying, selling, leasing, or developing — we’ll match you with the right Wallace Commercial advisor and current market data for your property type.

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