Commercial real estate in Nashville has seen a massive expansion of value during this economic growth cycle. Office rents have risen a cumulative 45% in metro Nashville since 2010, and while the city leads the country in office construction, vacancies remain below 6% (far below the 20-year average of 9.8%). Here are three affordable office spaces available for lease around Nashville:
Nashville is in a crisis. There have been numerous reports and studies to find that Nashville is an affordable housing disaster, but few have started talking about Nashville’s Office Affordability Crisis. Rarely will you hear about it, but obvious to small business owners in the market to buy or lease office space.