Nashville investment activity across most sectors begins to rebound in 2024
Investment activity by asset type
–Investment sales volume in Nashville rebounded during 2024 across most property sectors when compared to the abrupt pause seen in sales activity during the previous year. Office, industrial, and retail investment activity all saw year-over-year increases in total sales volume, recording growth of 17%, 64%, and 60% respectively.
–Multifamily was the only sector to experience a cool down during the year, with a 24% decline in sales volume compared to 2023. Elevated rates have impacted transaction activity, as cost of borrowing has made it hard for institutional buyers and REITs to get larger deals done.
–As sales volume ticks back up from the lows witnessed in 2023, investment psf pricing continues to see a reset. Even so, psf pricing in all sectors remains above pre-pandemic (2019) levels*.
*When excluding distressed office sales from psf totals.
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