Nashville Industrial Figures Report Q2 2026

Key Takeaways

The Nashville industrial market posted stronger demand in Q2 2026, with net absorption totaling 1.8 million sq. ft. Vacancy held steady at 4.8%, while availability increased modestly to 8.1%, reflecting continued normalization in market conditions. Asking rents averaged $10.14 per sq. ft., down slightly from the prior quarter but still above year-ago levels.

Construction activity remained elevated during the quarter, with 8.6 million sq. ft. under construction across 26 properties. Deliveries totaled 2.0 million sq. ft., marking a significant increase from Q1 2026 and slightly exceeding Q2 2025 levels. While the construction pipeline declined from the prior quarter, it remained well above year-ago levels, underscoring continued development activity across the market.