Nashville retail 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. Nashville’s above average economic growth and booming tourism industry continue to fuel retail demand and development.
550k sf
Net absorption
Strong market dynamics continue to foster unwavering tenant demand, marking the 16th consecutive quarter of positive absorption in the market.
3.1%
Vacancy
Nashville’s retail vacancy remains among the tightest in the nation, seeing minimal change year-over-year.
$600M
Retail investment sales
Institutional buyer activity remained low during the year with smaller transactions making up the majority of activity.
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