MARKET TRENDS
- Availability fell 150 basis points (bps) year over year to 21.3% while sublease space continues to decline, reflecting steady demand and absorption and supporting a more balanced market into 2026
- Tenants remain committed to the Nashville market with 0.5 million square feet (msf) of leasing recorded in Q4, bringing the 2025 total to 2.8 msf, in line with the 2024 leasing totals
- Rental rates rose to $37.83 per square foot (psf), up 4.1% year over year, and are expected to hold firm into 2026 amid tightening market conditions and sustained demand for premium space