Nashville office market report

Q3 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 the last few months of 2024.

2.2 msf

Year-to-date leasing activity

The market remains active despite slowing leasing activity year-to-date. Space upgrades and building amenities remain high on tenants’ wish lists.

1.5 msf

Deliveries expected by year-end

While ground breakings have substantially slowed, a large amount of office space will deliver by year-end, currently 32% preleased.

$207 psf

Office psf pricing trying to find its footing

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

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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.