Nashville Office Figures Report Q4 2023

January 23, 2024 3 Minute Read

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  • Prime property asking rents grew to $54.55 per sq. ft., compared to the Class A average of $35.21 per sq. ft., effectively widening the prime rent premium to 54.9%.
  • Properties built post-2010 absorbed a net 1.3 million sq. ft. during 2023, while pre-2010 buildings absorbed only 112,000 sq. ft. making clear the bifurcation of office performance based on building vintage.
  • Net absorption was positive for the entirety of the year for the first time post-pandemic.