Nashville industrial vacancy remains lowest among Southeastern peer cities despite high rents
- Nashville’s industrial market has navigated the recent construction boom exceptionally well, maintaining a healthy vacancy of 5.8% at the end of the first quarter.
- Nashville’s vacancy is one of the lowest in the Southeast, showcasing the incredibly tight industrial market. These tight conditions persist despite Nashville industrial rents being among the highest when compared to these same peer markets, with Nashville’s industrial rent nearly 5% higher than the next priciest market.
- As Nashville market demand continues to see preference for upgraded, premium industrial space, it is clear that tenants are willing to pay these record-high rents seen across the market.
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