Figures

Nashville Industrial Figures Report Q1 2025

April 16, 2025 3 Minute Read

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  • The average direct asking rent increased to $9.81 per sq. ft. triple net, a growth rate of 13.1% year-over-year.
  • Net absorption was four times greater than the inventory added to the market and allowed a 31-basis-point quarter-over-quarter reduction in total vacancy.
  • New leases outweighed renewals by number of deals and space leased for the third consecutive quarter, while being 6.7% larger on average.