Nashville office 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. As the office market repositions, finding its balance between hybrid working, flight to quality, and smaller average lease sizes, Nashville has shown signs of strength in the later half of 2024 and will continue as we move into 2025.

74.1%  

Transaction activity by square footage 

Trophy and class A office properties captured an overwhelming majority of leasing activity in 2024.

27%    

Office availability

Office availability rose year-over-year, however, a thinning development pipeline should help to compress availability moving into 2025.

$267M

Office investment sales

Office investment sales totals reached over $260 milion during 2024, an increase of 17.3% from 202

Your source for the latest Nashville office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater Nashville area. Avison Young advisors look at Nashville commercial real estate activities and the latest Nashville statistics to provide you expert market research on Nashville's office properties.

Explore different topics like the latest office market pricing trends and analysis of Nashville's current office real estate market conditions. Gain a better understanding of Nashville’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Nashville's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Nashville.

The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.

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