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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