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...
Multifamily vacancy remains high in Savannah despite record demand for rentals
Nearly 30% of Savannah's multifamily housing has been constructed in last five years
As Savannah, Georgia's population steadily rises, the demand for multifamily housing has remained at record-high levels. However, demand isn't keeping up with the record number of ...
In the construction-heavy Nashville office market, tenants are signing smaller deals
Average lease size is about 25% smaller than pre-2020 office deals
In the Nashville, Tennessee, office market, developers have been actively constructing new office space as corporate tenants seek upgraded space and call employees back to the offi...
Wilson County ramps up Nashville’s industrial construction, just as its vacancy level rises
Wilson County has about 3.5 million square feet under construction, leading Nashville
Wilson County has been one of the fastest-growing industrial markets in Nashville, Tennessee, with almost half of the county’s inventory built just in the past six years. Demand fo...
Cost of construction slows medical office growth in Nashville
CoStar Group is releasing a new quarterly medical office report for major markets across the US
Nashville, Tennessee’s population growth and increasing demand for healthcare services have helped the medical office segment remain remarkably stable. Strong demand for space has ...
Nashville’s commercial sales volume is gaining momentum
Increases in industrial and retail sales have helped push investment growth
Commercial real estate sales in Nashville, Tennessee, are gaining traction following a sharp decline in volume at the start of 2023. Investment volume picked up in the first quarte...
Huntsville, Alabama's apartment sector feeling effects from recent supply wave
Asking rents have fallen 2.6% year-over-year
Stemming from Huntsville, Alabama’s robust multifamily supply, the region’s apartment vacancy rate has remained elevated, while multifamily property owners are finding it challengi...
Chattanooga’s multifamily construction is taking a much-needed break
Supply has outpaced demand for years, causing the vacancy rate to spike
Multifamily construction is slowing considerably nationally, and that slowdown is particularly pronounced in Chattanooga, Tennessee, where rampant construction over the past severa...
Birmingham’s new ambulatory care facility may resuscitate the medical office market
The Alabama medical office market looks to grow demand as vacancies have increased
Birmingham, Alabama’s medical office market just got a shot in the arm as the vacancy level remains at a record high. Owners and investors hope Birmingham’s largest new medical dev...
Increasing international migration helps fuel Nashville’s population growth
Moves from other countries have grown annually over the past five years
The 2024 Census data has been released and, a surprise to no one, the Nashville, Tennessee, market continues to grow. In fact, it’s growing much faster than the country overall. In...
Downtown Nashville’s multifamily construction slowdown didn’t last long
The area now has the second-most multifamily units under construction in the U.S.
Starting in late 2022, the quarterly number of multifamily units under construction in Nashville, Tennessee’s Downtown market gradually declined, but development has ramped back up...