While multifamily construction slows in Nashville, development is ramping up in these suburbs
Apartment construction in market's biggest suburban nodes hits highest point in over two years
Despite ranking among the top markets in multifamily development, Nashville, Tennessee's apartment expansion has been slowing for about two years. But while construction has slowed...
Nashville-area apartment rents hit lowest point in four years
Annual rent growth was negative in 14 of 16 submarkets, including Downtown
Apartment asking rents in the Nashville, Tennessee, area have dropped to their lowest point in four years as landlords contend with a wave of new units that has increased the compe...
Chattanooga's multifamily vacancy rate declines following construction slowdown
The Tennessee market’s vacancy rate has dropped almost 250 basis points this year
After several years of oversupply, the Chattanooga, Tennessee, multifamily market is entering a period of renewed stability with demand elevated and the market's pipeline at one of...
Downtown Nashville continues its office momentum
City's annual absorption totaled 750,000 square feet, with downtown contributing most
The downtown Nashville office market has maintained momentum through most of 2025, with net absorption, the difference in move-ins vs. move-outs, totaling approximately 740,000 squ...
Nashville’s new cancer care facility may resuscitate the medical office market
Medical office market looks to grow demand as vacancies have increased
Nashville, Tennessee’s medical office market saw demand sputter during the first half of 2025, with net absorption — the difference between move-ins and move-outs — totaling negati...
Nashville’s 'small-bay' market captures over half of direct industrial leases
Since 2020, the bulk of industrial leases has been in buildings under 50,000 square feet
With demand rebounding for industrial space in Nashville, Tennessee, the smallest-building segment continues to capture the highest share of overall leases. Small-bay buildings, wh...
Birmingham, Alabama’s multifamily rent growth turns negative towards year’s end
After a glimmer of hope in late 2024, rents have fallen over the past year
Demand for multifamily units in Birmingham, Alabama, has been strong as quarterly net absorption in the third quarter of this year was the highest since 2021 and has been mostly po...
Nashville’s available retail space is getting leased faster than ever
Amid a glut of store closures, spaces aren’t staying empty for long
With only 3.6% of its inventory available, Nashville, Tennessee's retail market is one of the tightest in the country. Driven by rapid population growth, limited new construction a...
Huntsville, Alabama's apartment market finds balance as major economic news is announced
US Space Command’s move to Huntsville expected to add more than 1,600 jobs
After several years of oversupply due to elevated construction activity, the Huntsville, Alabama, multifamily market is experiencing a much closer supply-demand balance. As the mar...
Nashville leading the nation in industrial rent growth
Average industrial rent grew 6.7% over the past year
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 reac...
Nashville’s multifamily market finally hits a supply-and-demand balance
As construction slows, demand remains hot
After several years of oversupply due to elevated construction, the Nashville, Tennessee, multifamily market is experiencing a supply-and-demand balance.
As Nashville’s available office space remains elevated, the share of sublease space is declining
Available sublease space has declined by over 450,000 square feet since the end of 2022
Nashville, Tennessee’s excess of available sublease office space has finally started to decline. After reaching its peak of almost 2.9 million square feet, or 19.3% of overall offi...
Birmingham, Alabama, industrial market improves following oversupply and sluggish demand
Slowdown in construction activity should help the market recover
The Birmingham, Alabama, industrial market vacancy rate rose steadily from the midpoint of 2022 through early 2025 due to volatile demand.
Despite slow construction in Nashville’s tight retail market, future opportunities for new space arise
Retail construction is at its lowest point in years
Robust population growth and a booming tourism industry have been driving retail demand in Nashville, Tennessee, helping make it one of the tightest markets in the country. However...
Despite prolonged demand, Nashville’s multifamily concessions continue to weigh on rent growth
Quarterly year-over-year rent growth has remained negative for two years
Strong population growth and a resilient job market have unlocked record-high demand for Nashville, Tennessee’s multifamily housing. However, years of oversupply have weighed on th...
Demand for Nashville office space softens as professional, financial jobs dwindle
Office-using jobs have declined by 4,600 in the past year
Nashville, Tennessee’s office-using labor market softened over the past year, with payrolls in professional and business services, financial activities and information declining by...
Despite volatile demand, Nashville’s industrial market remains tight
High asking rents continue to make it challenging for leasing deals to get done
Despite sluggish demand and rising availability, the industrial market in Nashville, Tennessee, remains tight. In fact, Nashville’s vacancy levels are lower than the national rate ...
Nashville’s office sales and pricing remain muted
Several distressed deals highlight the long road ahead for office sales
As borrowing costs and vacancy levels have increased, office investment has slowed in Nashville, Tennessee. During 2021 and 2022, quarterly transaction volume averaged $334 million...
Savannah’s industrial market can fill glut of available space, thanks to construction pullback
Market is experiencing lowest construction level in years
Savannah, Georgia's industrial vacancy rate is near its highest level in over two decades, though a slowdown in construction should allow demand to catch up in the historic coastal...
Pair of suburban Nashville submarkets ushering in huge multifamily demand
The two areas combined for over 2,000 units absorbed over the past year
Thanks to Nashville, Tennessee’s record-high, predominantly urban-focused multifamily construction, the demand spotlight has been on downtown the past several years. However, a pai...