Countdown to consequences: near-term Nashville loan maturities give landlords a real minefield to navigate

• Over $415 million of office and industrial loans mature in Nashville over the next 12 months. In the current interest rate environment, refinancing these loans will come at a major cost to landlords, who in many cases, locked in during record-high property prices and record-low interest rates within the last economic cycle. 
• This could result in an increase in investment market activity as landlords could be forced to sell their assets to pay off the debts if refinancing doesn’t fit. But as the market continues to see an ever-changing delta between buyers’ pricing and sellers’ expectations, a question remains as to who will be the buyers.

December 20, 2023

Additional resources

• Tenant demand for office space remains active amidst shifting space needs in Nashville
• Nashville industrial: lone sector recording YTD investment sales pricing growth
• Nashville retail rent growth has seen exponential growth in part to low supply and vacancy

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