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Nashville Industrial Figures Report Q1 2023

April 6, 2023 3 Minute Read

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  • New construction completions added roughly 2.8 million sq. ft. of industrial inventory across the Nashville market in Q1 2023, almost double the 5-year historical quarterly average.
  • Warehouse/Distribution users accounted for 84% or 1.2 million sq. ft. of the net space absorbed.
  • Asking rental rate growth persisted despite a 20-basis point increase in market-wide availability.