Nashville’s office leasing seeing an increase in smaller footprints

Bar chart of Nashville office leases by square foot from 2016 to 1H 2023
  • As numerous companies adopt hybrid work-from-home models, their office space needs are changing. Nashville’s office leasing activity has shifted to smaller footprints, with the average lease size falling 28% since the pandemic.
  • Tenants across the board are paying more psf for office space but many are doing so with shifted mindsets on space needs- increasing shared work spaces- and putting emphasis on building amenities.

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