Nashville retail real estate market reports
Q1 2023
Ranked by the Urban Land Institute as the top market to watch for overall real estate prospects for the second year in a row, Nashville is continuing to gain national attention. Nashville’s large percentage of millennial residents and the booming tourism industry continue to fuel retail demand and development. Following a record year in retail investment sales, elevated interest rates and economic uncertainty have slowed market activity.
3.3%
Vacancy
Growing regional economy keeps vacancy tight
1.3 msf
Development
Retail development continues at a steady pace
-63.8%
Investment sales
Investment sales activity sees significant slowdown
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