Sub-100,000-sf requirements dominating leasing activity in Nashville, keeping vacancy tight for small-bay properties

–Industrial tenants have been incredibly active throughout the Nashville market, with leasing activity reaching record levels over the last five years. Small-bay properties (sub-100,000 sf) have seen the lion’s share of this leasing activity, making up over 60% of the total number of deals year-to-date.

–This small-bay activity has made availability in these properties tight, keeping vacancy below 5% since 2020.