Q3 2025
Nashville industrial market report
Q4 2025
Nashville remains one of the strongest industrial markets in the Southeast, with high demand, healthy vacancy, top-tier rents, and notable investment momentum. While economic sensitivity to interest rate shifts and trade-related uncertainties could impact the market, continued stabilization is expected as muted construction will reduce availability. As the middle Tennessee region continues to position itself as a key logistics and manufacturing hub in the Southeast, it is expected to maintain its momentum moving into the new year.
Direct vacancy
Industrial direct vacancy dropped 20 basis points year-over-year to 5.0%, with small bay properties continuing to witness the tightest availability.
Industrial asking rents
Submarkets with substantial deliveries are recording materially higher rent growth, as overall market rents reach a new high of $10.48 psf.
Industrial investment sales
Numerous large portfolio sales bolstered the record-breaking industrial investment total during the year.
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