MARKET TRENDS
- Total availability decreased slightly to 19.9%, down 70 basis points from a year ago due to strong leasing activity which has steadily increased over the past three quarters.
- While older buildings struggle to attract and retain occupiers, newer buildings with amenities in desirable locations will remain attractive for those looking for upgraded space.
- Rental rates remain relativity unchanged year-over-year due to healthy market fundamentals and Nashville remaining an attractive destination for corporate occupiers.