Nashville office market report

Q3 2023

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. While leasing activity and interest in the market continues to hold strong, sublease space continues to be a large driver for peak availability. Following a record year in office trades, elevated interest rates have slowed market activity, as investors and landlords continue to reassess their investment strategies.     

705k sf

Trophy net absorption

Trophy buildings capturing majority of the positive market movement.



Following the rise of speculative construction, preleasing falls.

$297 psf

Investment sales

Class B properties see pricing growth amid stalled investment sales.


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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