TAKEAWAYS
- Occupiers remain bullish in Nashville as leasing volume rises 40% from 0.5 million square feet (msf) in Q2 2022 to 0.7 msf in Q3 2022. Notably, five out of six of the quarter's largest transactions took place in the Downtown submarket
- Available sublease space remains near an all-time high, presenting tenants with an abundance of options. Conversely, pressure remains high on landlords to offer favorable firms on direct spaces to remain competitive.
- Rental rates are expected to continue their updraft as new Class A projects hit the Nashville market and the tenant flight to quality continues