• As of Q4 2020, Nashville’s average asking rate was $5.59 per sq. ft. triple net, an 11% increase year-over-year.
     
  • In the fourth quarter, Nashville’s overall vacancy rate continued to trend downward to 4.6%, a 170-basis point decrease from Q3 2020 and a 339- basis point decrease year-over-year.
     
  • While Q4 saw 1.1 million sq. ft. of speculative deliveries, it was also met with strong demand, which kept availability low, while also putting downward pressure on the overall vacancy rate.