Farragut, Tennessee: A Premier Destination for Commercial Real Estate

Introduction

Farragut, Tennessee, is emerging as a key player in the commercial real estate (CRE) market, offering a dynamic mix of opportunities for investors and developers. As a rapidly growing suburb of Knoxville, Farragut boasts a robust economy driven by diverse industries, strategic location advantages, and a business-friendly environment. Its unique blend of industrial, office, and retail spaces makes it an attractive destination for CRE investments.

Economic and Industry Overview

Farragut's economy thrives on a mix of healthcare, retail, and technology sectors. The region's proximity to Knoxville facilitates a symbiotic relationship with the University of Tennessee, fostering innovation and growth in tech-driven industries. Retail and healthcare demand drive the need for versatile commercial spaces, particularly retail centers and office complexes. The Knoxville Chamber of Commerce actively supports economic development with initiatives aimed at attracting new businesses to the area.

Strategic Location and Transportation Infrastructure

Strategically positioned near Interstate 40 and Interstate 75, Farragut offers exceptional connectivity to major Southeastern markets. The McGhee Tyson Airport, located just 15 miles away, adds to its logistical appeal, providing both passenger and cargo services. The Tennessee Department of Transportation highlights Farragut's transport network as a key asset for businesses requiring efficient distribution channels and access to a skilled labor pool.

Commercial Real Estate Inventory & Zoning

Farragut features several prominent CRE submarkets, including its Central Business District and developing industrial corridors. Key asset classes include industrial spaces, retail centers, and office complexes. Notable zoning incentives are available for developers, offering streamlined approval processes and potential tax benefits. The Town of Farragut Zoning Map provides detailed information on zoning classifications and overlays.

Major Employers and Institutions

Top employers in Farragut include Covenant Health, the University of Tennessee Medical Center, and several retail giants like Turkey Creek Shopping Center. Additionally, proximity to Oak Ridge National Laboratory enhances the region's attractiveness for research and technology companies. The Farragut Economic Development site offers further insights into the area's business landscape.

Notable Commercial Developments & Projects

Farragut is home to several large-scale developments, including the mixed-use Turkey Creek Shopping Center and the Farragut Gateway Project. These developments reflect the town's commitment to creating vibrant, multi-functional spaces that cater to both businesses and consumers. Opportunity Zones and public-private partnerships further enhance investment potential. Planning and project details are available through the Farragut Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Farragut provides several resources to support building and development processes. Key links include:

• Farragut Building and Safety Department
• Permitting Portal
• Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Farragut's economic landscape is informed by various public datasets, including those from census.gov and the City's Open Data Portal. Brevitas leverages AI-powered aggregation to provide comprehensive insights into market trends and opportunities. Explore Brevitas-powered dashboards for Farragut here.

Why Use Brevitas for Farragut, Tennessee CRE?

Brevitas offers a cutting-edge platform for discovering CRE opportunities in Farragut. Our AI-driven tools provide real-time market alerts, smart property pages, and seamless dealroom collaboration. Unique features include:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Whether you're seeking industrial properties, office space, or retail centers, Brevitas is your premier destination for discovering commercial real estate in Farragut, Tennessee.