Prime urban repositioning: Nashville among the top U.S. markets in office-to-hotel conversions
- The hospitality sector in downtown Nashville remains strong, supported by the city’s record-breaking tourism, conventions, and entertainment industries, resulting in consistent lodging demand. The number of visitors to the city broke records for the fourth consecutive year in 2024, according to the Nashville Convention and Visitors Corp.
- As office demand has remained concentrated within trophy and class A properties, many older and underutilized office properties in prime downtown locations have faced pressure, making them attractive candidates for adaptive reuse and hotel conversion.
- Currently, office conversion projects either underway or planned in downtown Nashville total nearly 2 million square feet, representing 3.9% of the total office market inventory and 13% of the Downtown office inventory. This positions Nashville among the leading U.S. markets for office conversions.
US-TN-NSH Nashville