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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