Figures

Nashville Office Figures Report Q4 2024

February 1, 2025 3 Minute Read

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  • Market inventory grew by 19.7% from 2019-2024 and should increase by another 2.8% based on the current construction pipeline.
  • To conclude a fourth consecutive year of positive absorption, occupiers absorbed 329,000 sq. ft. in Q4 2024, bringing the annual total to 1.0 million sq. ft.
  • Total market vacancy compressed annually and was still below its historical peak in 2022 even after a rise to 17.6% in Q4 2024.