MARKET TRENDS
- Nashville’s vacancy rate held steady throughout 2025, rising just 20 basis points quarter over quarter to 6.4% in Q4, as supply and demand remained closely aligned throughout the year.
- Average asking rents held steady year over year at $9.11 per square foot, yet 18.5% above the five-year quarterly average due to resilient demand for high-quality space and the continued delivery of new speculative product.
- Net absorption totaled 1.4 million square feet (msf) in Q4, bolstered by large move-ins in the North submarket, led by Create Energy’s user purchase at 3150 Barry Drive, bringing year-end activity to 3.8 msf.