Nashville industrial market report

2023 Q4

Ranked by the Urban Land Institute as the top market to watch for overall real estate prospects for the second year in a row, Nashville is continuing to gain national attention. Steady tenant demand and new construction are driving rent growth across the market. Following a record year in industrial trades, elevated interest rates have slowed market activity, as investors and landlords continue to reassess their investment strategies.     
14.4%         

Availability

Sublease space accounts for greatest share of availability in recent history

4.9 msf

Net absorption

Nashville industrial demand remains robust amidst economic pressures

$154 psf

Investment sales

Industrial: lone sector recording YTD investment sales pricing growth 

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