Nashville retail rent growth has seen exponential growth in part to low supply and vacancy

Bar chart of Nashville YOY percent rent growth and vacancy by submarket
  • In conjunction with the record population growth Nashville has witnessed over the last decade, retail rents have seen steady increases across the city. Low vacancy- sub 5% throughout most of the Nashville market- and moderated supply have been a huge driver in retail rent growth.
  • Areas with heavy daytime employee populations (Downtown, Vanderbilt/ West End and Brentwood) have witnessed significant annual rent growth of over 7% as numerous new mixed-use developments have brought new retailers to the area.
     

September 27, 2023

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