Nashville office market report

Q1 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 continues to show signs of strength moving into 2024.
640k sf        

Leasing activity 

Class A and trophy space make up majority of Q1 2024 office leasing transactions.

-155k sf        

Net absorption

Although net absorption started the year negative, numerous large lease commencements are expected to bring up the year-end totals. 

$235 psf    

Investment sales pricing

Psf pricing continues to fall but can be viewed as a correction in value after record low interest rates spurred an overheated market.

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.

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