Rapid industrial growth continues to boost industrial rents across Nashville and the Southeast

–The Southeast is experiencing rapid industrial growth as the need for industrial space in the United States continues to rise. Brought on by the surge in new construction and unrelenting market demand, Nashville industrial rates have increased over 50% in the last three years.

–Despite the steady increase of available industrial space listed on the market due to new product deliveries and the available sublease space topping over 2 msf, leasing activity remains active especially in class A space. As this flight to quality and surging new construction rents continue to trend, landlords are remaining in the driver's seat causing rates for both new leases and renewals to continue to escalate. This is especially true in submarkets such as the North, Southeast and Wilson County where recent comps show NNN rates well above $10.00 psf.