Nashville retail real estate market reports

Q2 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. Nashville’s large percentage of millennial residents and the booming tourism industry continue to fuel retail demand and development. Following a record year in retail investment sales, elevated interest rates and economic uncertainty have slowed market activity.  

Vacancy and leasing

Growing regional economy keeps vacancy tight 
1.3 msf

Under construction

Retail development continues at a steady pace 
$216 psf

Investment sales

Following a record year, retail pricing begins to regulate 

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