MARKET TRENDS
- Nashville’s vacancy rate rose 50 basis points year over year to a high of 7.0% as elevated new supply outpaced net absorption.
- Average asking rents increased 4.2% year over year to $9.21 per square foot despite elevated vacancy levels as demand for high-quality space kept pricing resilient across the market.
- Large renewals in the Wilson County submarket drove leasing activity in Q1 2026, led by Starbucks’ 680,160- square-foot (sf) renewal at 1009 Hixson Boulevard.