Figures

Nashville Industrial Figures Report Q4 2022

January 18, 2023

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  • After record-breaking industrial construction deliveries in 2021, 2022 recorded the second largest year of completions in Nashville’s history, totaling 6.6 million sq. ft.
     
  • Manufacturing net absorption doubled to 1.0 million sq. ft., and R&D/Flex tripled to over 256,000 sq. ft. year-over-year, indicating strong demand across industrial subtypes.
     
  • Asking rental rates decreased by 15 cents from Q3 2022 to Q4 2022 and increased by 16.1% from 2021 to 2022.