Nashville investment activity begins to rebound in the first half of 2024

–Investment sales volume in Nashville rebounded during the first half of 2024 across most property sectors when compared to the first half of 2023. While the global economic climate remains uncertain, many investors are expecting the Fed’s upcoming interest rate reductions to bring a rise in activity.

–Multifamily was the only sector to experience a cool down with a 16% decline in sales volume compared to the first half of 2023. Nashville’s industrial market witnessed a strong rebound from the five-year transaction volume low in 2023 with a 205% increase in sales transactions totaling over $450 million during the first two quarters of 2024.

–As sales volume ticks back up from the lows witnessed in 2023, investment psf pricing continues to see a reset. Even so, psf pricing in all sectors remains above pre-pandemic (2019) levels.