Cool Springs/Franklin, TN Office Space for Rent
The city of Franklin is part of the greater Nashville metropolitan area. Named after Benjamin Franklin, showcases historic construction alongside modern development. It also ranks among the top cities to start a small business in Tennessee due to its highly educated labor pool and thriving business hubs, to name a few. Franklin is home to Cool Springs, a commercial center that expanded from the CoolSprings Galleria shopping mall.
With the Cool Springs area providing office space in Franklin for new, small businesses and larger businesses looking to expand, there’s no better place to put down roots. Franklin is a safe and fast-growing city where your company will flourish. Accompanied by an abundance of shopping and dining centers, it’s a hotspot for business.
If you’re ready to take advantage of what Franklin has to offer, reach out to us. We’ll help you discover the right office space for your business in the unique city of Franklin, TN.
Cool Springs/Franklin Office Space- Lease Data & Trends
It’s no surprise that 2020 ushered in an era of uncertainty in the Franklin marketplace as well as the rest of the world. The coronavirus brought abandonment to many office spaces, with employees working from home, leading to high office vacancy rates well into the first quarter of 2021.
However, vacancies in the Cool Springs/Franklin district remain on the rise partially because of the increase in subleases from Cool Springs V, a Southeastern Headquarters in Highwoods Office Park that will be ready for rent by 2023. Massive developments like One Franklin and Moore’s Crossing have also played a part in an increase in new unrented office space in the area.
As has the newly-constructed Berry Farms Town Center Office Space at 4037 Rural Plains Circle. The development turned 600 acres of land into Class A office space projected at 3 million square feet, which will be available for rent starting in November of 2021.
Franklin saw 50,972 square feet of leasing activity in Q1 2021, highlighting the importance of physical office space to many companies. However, vacancies are still evident at 23.3% across Franklin’s office spaces.
The current rate for Franklin’s Class A office spaces is $31.97 per square foot, while all other classes have an average overall rate of $31.90 per square foot.
What Our Brokers Say about Cool Springs/Franklin, TN Office Space
While Franklin is a great place to expand any business, health care businesses embody a large portion of employers. The city’s 2020 Comprehensive Annual Financial Report features healthcare and medical centers in the top five slots due to their outstanding number of employees.
The top employer in that report is Community Health Systems. This Fortune 500 company employs 2,378 people at its Franklin Branch. Next in line is Fresenius Medical Care with 2,020 employees, HCA Healthcare with 2,002 employees, Williamson Medical Center with 1,896 employees, and finally Optum, a UnitedHealth Group, at number five with 1,600 employees in Franklin.
However, the medical industry is not alone in making waves in Franklin office spaces. The list also consists of Nissan North America and Mars, Incorporated, which occupies the sixth spot on the U.S. list of largest privately-owned companies by Forbes.
Top Commercial Buildings in Cool Springs/Franklin
342 Cool Springs Boulevard: If you’re looking for a small space in the Cool Springs area of Franklin for your startup business, check out the Cool Springs Office Plaza. There’s up to 8,400 square feet of office space within the first two floors of the building. It’s perfect for a small team of up to 10 employees and sits near the Cool Springs shopping and dining center.
381 Mallory Station Road: For something a bit bigger, the Mallory Station Business Center offers larger traditional office spaces. Nestled in the center of Cool Springs, it’s part of an office campus consisting of a total of three buildings surrounded by beautiful ecological landscaping, attracting local and national companies alike.
1550 West McEwen Drive: This commercial building offers a wide array of office space sizes. Suite 300, for example, is one of boasts an impressive 10,448 square feet of space. Located at McEwen Drive off I-65, this Class A office space offers an open workspace for up to 75 employees, spacious conference rooms, a kitchen, and nearby shopping and restaurant areas.
Get to Know Cool Springs/Franklin, Tennessee
The avenues of Franklin offer a lot to see with 200-year-old brick sidewalks and buildings that house everything from small cafes and bookshops to elegant restaurants, museums, and art galleries. Franklin is a close-knit community filled with family businesses and friendly faces.
It’s also home to some of the best shopping areas in all of Tennessee. There’s something for everyone in these independently-owned businesses, including:
- Fork of the South General Store and Vinnie Louise, specializing in chic and modern jewelry, apparel, and accessories
- Mercantile 1858 of Franklin providing home decor
- Props Antique, an antique store filled with one-of-a-kind items
If you’re looking for celebrations in the historic 15-block downtown area of Franklin, festivals fill the streets regularly. There’s the Main Street Festival in July, the Annual Pumpkinfest in late October, and the Annual Dickens of a Christmas in early December. These festivals, made possible by The Heritage Foundation of Williamson County, have become nearly 40-year-old traditions for both the locals and visitors alike.
Why Rent Office Space in Cool Springs/Franklin?
When you set up an office in Franklin, you’re joining a business sphere that enables you to access a dense labor force with experienced and well-educated employees to help expand your company. However, the benefits don’t stop there. Restaurants like 360 Bistro and Yats, shopping areas like Williamson Square Shopping Centre and CoolSprings Galleria, and airports are at your disposal.
Many major routes pass through Franklin, which will get you to where you need to be, including State Route 397, which spans across the city’s financial district, and Cool Springs Boulevard, which will bring you to the hub of business activity.
Nearby Neighborhoods to Set Up Office Space
If you don’t necessarily have your heart set on setting up a space for your business in Franklin, several nearby cities (within 40 miles of Franklin) are suitable alternatives, including:
Nashville: Known for being the homeland of country music, you can experience the Country Music Hall of Fame, the Music Row District, and the Music City Walk of Fame within Nashville’s “Music Mile.” However, it’s hard to overlook Nashville’s growing range of office spaces for rent. Thanks to the rapidly forming city center, the area saw a 7.6% increase in year-over-year rates in Q1 2021. With Nashville’s unemployment rate plummeting to a mere 4.3%, progress and growth in the city are a near sure thing.
Columbia: As part of the Nashville metropolitan area, Columbia is another hotspot for historic culture. Whether you’re visiting Elm Springs, a house built in 1837, which was incorporated into the National Register of Historical Places in 1986, or the Presiden James K. Polk Home and Museum, which became a National Historic Landmark in 1961, there’s always something to see. Currently, there are seven different office spaces for sublease or rent in the historical Columbia area.
Brentwood: Being the most charming suburban area in all of Tennessee, it’s no wonder tourists and companies alike flock to Brentwood for an aesthetically pleasing historic view. Brentwood currently has 84 total office space listings in the area for sublease or rent, with spaces ranging from 50 to 168 square feet each.
To continue your search for office spaces in Franklin and other surrounding areas, reach out to our team. We’ll help you find the best office space for your company.