Nashville office historic performance during economic cycles

Bar graph of Nashville commercial real estate office market net absorption, deliveries and vacancy from 2001-2023
  • Nashville’s office market has historically been shielded from economic downturns due to the modest construction cycles and diverse industry base throughout the city.
  • Alongside the rest of the country, the COVID-19 pandemic ended one of the longest economic cycles in recent history for Nashville office.
  • A historic construction cycle compounded with shifting mindsets on space needs for office tenants in the market has resulted in growing vacancy.

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