Nashville retail rent growth has seen exponential growth in part to low supply and vacancy - United States
Nashville retail rent growth has seen exponential growth in part to low supply and vacancy
In conjunction with the record population growth Nashville has witnessed over the last decade, retail rents have seen steady increases across the city. Low vacancy- sub 5% throughout most of the Nashville market- and moderated supply have been a huge driver in retail rent growth.
Areas with heavy daytime employee populations (Downtown, Vanderbilt/ West End and Brentwood) have witnessed significant annual rent growth of over 7% as numerous new mixed-use developments have brought new retailers to the area.