Nashville industrial market report
Q4 2024
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.
47%
Share of leasing activity
Industrial properties built after 2014 captured the largest share of Nashville’s leasing activity in 2024, as demand continues to prefer new construction.
8.6%
Availability by year built
Availabilities within older industrial buildings are rising as tenants are opting for more modern amenities and upgraded space.
$1B
Industrial investment sales
Nashville’s industrial sector continues to be the most actively traded sector alongside multifamily.
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