In addition to it's thriving music scene and one of the key factors in Nashville's growth is that it has also long been a healthcare hotbed (with more than 400 companies operating in the area) and a world-class destination for higher-education (Vanderbilt and Belmont are among its lauded institutions). More recently, the area’s become a booming commercial space hub for industrial, warehouse manufacturing and a distribution-center users, with companies like Amazon, Under Armour and Lowe’s opening major commercial spaces.
In the midst of a record-setting rate of development, Nashville’s real-estate market is booming on all fronts, including industrial and warehouse space. Demand is considerable and the supply less so, with industrial vacancy sitting at around 4 percent in the spring of 2017, which makes finding an industrial space, especially for a small business, particularly challenging.
As prices near the downtown core have shot skyward, businesses in search of ample industrial space are stretching to the outer reaches and nearby suburbs, like Antioch, Smyrna and Lebanon, where square footage is more abundant and prices are lower.
See how Nashville office space neighborhoods compare to each other. Click each name for more details.
|Average Rent||Vacancy Rate||Parking||Walkability|
|Downtown||$20 - $24/SF||13.5%|
|Music Row||$24 - $28/SF||5%|
|West End||$24 - $26/SF||3%|
|Berry Hill||$18 - $22/SF||8%|
|East Nashville||$18 -22/SF||7%|
|21st Ave||$22 - $24/SF||10%|
|SoBro||$20 - $24/SF||5%|
|Gulch||$28 - $35/SF||5%|
|Green Hills||$22 - $24/SF||7%|
|Brentwood||$22 - $24/SF||2.5%|
|Cool Springs/Franklin||$24 - $26/SF||2%|
|Airport||$18 - $20/SF||12.5%|
*Updated periodically. All data is based on information compiled by TenantBase, Inc. from sources we deem reliable. Information has not been verified, is not guaranteed, and is subject to change.