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Nashville apartment market gains traction, but concessions remain widespread

Vacancy falls to lowest level since 2022, but sweeteners are suppressing effective rents
CoStar Analytics
August 26, 2026 | 7:53 P.M.

Nashville, Tennessee's multifamily vacancy rate is at its lowest level in four years amid strong renter demand, though elevated concessions continue to weigh on net operating income for apartment owners.

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