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Nashville leading the nation in industrial rent growth

Average industrial rent grew 6.7% over the past year
CoStar Analytics
September 4, 2025 | 5:47 P.M.

Nashville, Tennessee, led the United States in industrial rent growth over the past year, with rates rising 6.7%, well above the national average of 1.6%. Average asking rents reached $12.19 per square foot, making Nashville the priciest market among Southeast peers. Five-year rent growth in Nashville now exceeds 50%, higher than the 36% national rate.

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News | Nashville leading the nation in industrial rent growth