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.     


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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