Nashville retail real estate market reports

Q4 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 investment activity.

1.1 msf


Disciplined construction activity throughout Nashville and significant tenant demand has contributed to strong market activity



Nashville’s retail vacancy remains among the tightest in the nation. 

$274 psf

Investment sales

Psf pricing fell during 2023 as economic uncertainty and rising interest rates slowed activity but remains above the 5-year average 


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