Intelligence

Regional Summaries

Select a state to view available market snapshots

Nashville, TN

Apartment
Vacancy in the Nashville apartment market ended the third quarter of 2017 at 6.1%, a gain of 10 basis points for the period and an increase by 80 since year-end—following that year’s 40-basis-points rise. By the end of November, the rate had added 10 additional points. Increased stress may be inferred as well from the slowdown in rent growth. At $1,060 and $996 per month, third quarter 2017 asking and effective averages were up 3.6% and 2.2% year-to-date following gains of fully 8.4% and 8.3% through 2016. Gains for the third quarter alone, the year’s best, were 1.9% and 1.7%. VIEW APARTMENT LISTINGS >
Industrial
Nashville warehouse/distribution vacancy fell precipitously over the past few years but leveled off in 2017. It ended 2016 at 9.0%, down fully 350 basis points year-to-date following a decrease by 230 in 2015. The rate for the third quarter of 2017, however, also was 9.0% (down 50 points from the quarter preceding). By the end of November, the Nashville area rate had added 10 basis points. At $3.96 psf and $3.76 psf, low by national norms, third quarter 2017 asking and effective average warehouse/distribution space rents were up 3.6% and 3.5% year-to-date following increases of 4.7% and 5.2% through 2016. Gains for the third quarter alone were 1.3% for both averages. Small gains followed over the next two months. Each rate had added eight cents by the end of November. VIEW INDUSTRIAL LISTINGS >
Office
Nashville’s general purpose, multi-tenant office market third quarter 2017 metrowide vacancy rate was 12.8%, down 20 basis points for the period and down 10 year-to-date overall following a loss of 40 through 2016. Rent growth strengthened in 2016 but slowed in 2017. At $22.79 psf and $17.76 psf, asking and effective averages in the third quarter were up 3.0% and 2.9% since year-end in the wake of 2016’s increases of 4.5% each. Growth rates for the third quarter of 2017 alone were 1.0% apiece. The next two months raised the asking and effective averages to $22.86 psf and $17.80 psf. VIEW OFFICE LISTINGS >
Retail
Vacancy in the Nashville community-neighborhood shopping center market, already low, closed the third quarter of 2017 at 8.4%, up 30 basis points for the period and up 50 year-to-date. A flat performance for both supply and demand over the next two months contributed to a November vacancy rate of 8.5%. At $16.53 psf and $14.45 psf, third quarter 2017 asking and effective average rents for community-neighborhood center market space climbed 2.5% and 2.6% year-to-date following gains of 2.2% and 2.3% all told the year before. By the end of November, additional increases of 0.5% had been added to each rate. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

Commercial Real Estate Market Information

Coldwell Banker Commercial has commercial real estate market statistics to help you find out more about your local commercial real estate market. Whether you are looking for commercial real estate market trends or information on a commercial real estate markets size, we have the commercial real estate market reports you need.Get the information you need to make wise commercial real estate decisions by checking out our commercial real estate market reports. If you did not find the commercial real estate market information you were looking for contact us today!

White Papers

 

     

Additional Resources