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...
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 ...