Nashville Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , Cushman & Wakefield
Quarterly retail market indicators for Nashville, aggregated by CREhunt from , Cushman & Wakefield. As of Q1 2026, average asking rent was $33.84/SF with a 18.2% vacancy rate.
Projected current retail pricing — Nashville
Projected asking rent
$33.84–$34.29/SF/yr
Estimated sale value
$290–$371/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.2%, asking rent trend-adjusted to today). Assumes ~82% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $33.84/SF | 18.2% | — | — | |
| Q1 2026 | $33.84/SF | 18.2% | 170K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for retail space in Nashville?
- As of Q1 2026, the average asking rent for retail space in Nashville was $33.84/SF.
- What is the retail vacancy rate in Nashville?
- The retail vacancy rate in Nashville was 18.2% as of Q1 2026.
- Where does CREhunt's Nashville market data come from?
- This report aggregates quarterly retail market data for Nashville from Cushman & Wakefield.
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