From quarter two to quarter three of 2019, office vacancies have decreased from 6.1% to 5.9%. 1 & 2 star properties continue to plateau at about 4%, while 3 star properties sit at just over 6%, and 4 & 5 star properties trend towards 8%.
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.