Nashville office historic performance during economic cycles
![Bar graph of Nashville commercial real estate office market net absorption, deliveries and vacancy from 2001-2023](/documents/191207401/193551919/Chart+%282%29.png/dacf9c35-f50a-a74d-f16f-5d32b9bc2805?t=1683654554382)
- Nashville’s office market has historically been shielded from economic downturns due to the modest construction cycles and diverse industry base throughout the city.
- Alongside the rest of the country, the COVID-19 pandemic ended one of the longest economic cycles in recent history for Nashville office.
- A historic construction cycle compounded with shifting mindsets on space needs for office tenants in the market has resulted in growing vacancy.
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