Q2 2025 Nashville Industrial Market Report
Nashville’s industrial market remained resilient in Q2 2025, with vacancy edging up slightly to 4.79%. Despite this modest rise, net absorption rebounded, signaling healthy demand. Asking rents held steady at $9.31 PSF, while construction slowed to just 3.7 million square feet—the lowest level since 2017. Much of today’s vacancy is tied to a handful of large-block spaces, offering little relief to users under 100,000 SF. Developers remain focused on Nashville, but entitlement timelines continue to lengthen. Once a viable site is secured, staying the course is critical—those who pause risk losing ground to others willing to work through the challenges. As supply tightens, tenants should act while opportunity remains.