Nashville industrial market report
Q2 2026
The Nashville industrial market finished the first half of 2026 on a strong note. Leasing activity was robust, totaling 8.7 msf in 1H26. Average deal sizes increased as well, settling at around 45k sf. The market saw a healthy number of larger deals, including a 1msf+ renewal from Under Armour in Q2, along with a 680K new lease from Starbucks in Q1. As a result of the thriving demand environment, total vacancy has only modestly increased despite ongoing increases in development. Nashville currently has around 7.4 msf under construction, while vacancy is a healthy 6.3%. Total availability decreased QoQ, with 11.3% of inventory currently listed as available. Activity has been constant in the market, despite being pricier than other peer markets, suggesting further growth on the horizon in Nashville.
Total leasing volume
Total leasing volume reached 8.7 msf through 1H26. The market is on pace for its strongest year since 2021, while average deal sizes are up YoY to roughly 45k sf.
Under construction
Just under 7.4 msf is currently under construction. Despite continued development activity, vacancy has only modestly increased, sitting at 6.3%.
Total availability
Total availability is at 11.3% at the end of the halfway mark of 2026. This is down 40 bps QoQ, highlighting strong tenant demand.
Your source for the latest Nashville industrial real estate reports
Stay on top of current trends affecting the industrial real estate sector in Nashville. Gain an overall better understanding of Nashville's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Nashville.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Nashville industrial real estate market.