Nashville industrial market report
2024 Q2
Recognized by the Urban Land Institute as the top city for real estate and investment activity for a third year in a row, Nashville has been a major growth market in the Southeast for years. Strong tenant demand for newly delivered, quality properties are driving market activity, with Nashville’s development pipeline remaining one of the most active in the Southeast region.
2.3 msf
Leasing activity in 2Q24
Industrial demand remains unwavering, although leasing has slowed slightly year-over-year.
5.6%
Vacancy increasing
Vacancy has increased due to sublease space and vacant new construction space entering the inventory.
$133 psf
PSF pricing trying to find its footing
PSF pricing continues to fall but can be viewed as a correct in value after record low interest rates spurred an overheated investment market.
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