Nashville Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, JLL, Colliers, Lee & Associates
Quarterly industrial market indicators for Nashville, aggregated by CREhunt from Cushman & Wakefield, CBRE, JLL, Colliers, Lee & Associates. As of Q2 2026, average asking rent was $9.06/SF/yr and vacancy was 5.1%, per Cushman & Wakefield.
Projected current industrial pricing — Nashville
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Cushman & Wakefield data (cap rate 6.3%, asking rent trend-adjusted to today). Assumes ~95% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $9.06/SF/yr | 5.1% | 838K SF | 5 SF | Cushman & Wakefield |
| Q1 2026 CBRE | — | 4.4% | 552K SF | — | CBRE |
| Q1 2026 CBRE | $7.01/SF/yr | 3.5% | — | — | CBRE |
| Q1 2026 JLL | $9.70/SF/yr | 6.6% | 1.8M SF | — | JLL |
| Q1 2026 Cushman & Wakefield | $9.46/SF/yr | 4.4% | 218K SF | — | Cushman & Wakefield |
| Q1 2026 Colliers | $7.01/SF/yr | 3.5% | 4.8M SF | — | Colliers |
| Q4 2025 Cushman & Wakefield | $9.38/SF/yr | 4.5% | 5.4M SF | 2 SF | Cushman & Wakefield |
| Q3 2025 Cushman & Wakefield | $9.37/SF/yr | 4.4% | — | 2 SF | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $9.26/SF/yr | 4.5% | 1.8M SF | 4 SF | Cushman & Wakefield |
| Q1 2025 Lee & Associates | $9.31/SF/yr | 4.8% | — | — | Lee & Associates |
| Q1 2025 Colliers | — | 8.5% | 25 SF | — | Colliers |
| Q4 2024 Cushman & Wakefield | — | 3.7% | 7.0M SF | — | Cushman & Wakefield |
| Q1 2022 Colliers | $7.01/SF/yr | 3.8% | 1.1M SF | — | Colliers |
| Q4 2020 Cushman & Wakefield | $7.42/SF/yr | 2.1% | — | — | Cushman & Wakefield |
| Q3 2020 Cushman & Wakefield | $6.49/SF/yr | 2.4% | — | — | Cushman & Wakefield |
| Q2 2020 Cushman & Wakefield | $6.32/SF/yr | 2.6% | — | — | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $6.49/SF/yr | 2.5% | 1.3M SF | — | Cushman & Wakefield |
| Q3 2019 Colliers | — | 4.5% | — | — | Colliers |
| Q3 2018 Colliers | $4.95/SF/yr | 3.8% | 717K SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Nashville industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| East | $7.96/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Industrial CBD | $10.67/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North | $8.86/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast | $9.66/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for industrial space in Nashville?
- As of Q2 2026, the average asking rent for industrial space in Nashville was $9.06/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Nashville?
- The industrial vacancy rate in Nashville was 5.1% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Nashville market data come from?
- This report aggregates quarterly industrial market data for Nashville from Cushman & Wakefield, CBRE, JLL, Colliers, Lee & Associates.