Nashville industrial market report
2024 Q1
Recognized by the Urban Land Institute as the top city for real estate and investment activity for a third year in a row, Nashville continues to be a major growth market in the Southeast. Strong tenant demand for newly delivered, quality properties are driving market activity, with Nashville’s development pipeline remaining one of the most active in the Southeast region.
1.7 msf
Leasing activity
Industrial demand remains unwavering, despite slowing leasing volume
5.1%
Vacancy
Vacancy has risen 100 basis points year-over-year
$96 psf
Investment sales
Psf pricing fell substantially but can be viewed as a correction in value
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