Nashville industrial space, a tight market with the best reach in the country.
Nashville reaches more of the US population on two-day ground than any other market we publish, and it has no state income tax on wages. Tenants have noticed. Vacancy is around five percent and rents hit a record in Q2 2026. This is a landlord's market by the numbers, which is exactly when a tenant most needs someone who knows where the exceptions are.
Where the leverage sits right now.
Vacancy of five percent and a record asking rent of $11.60 mean the market as a whole is not offering concessions. The leverage is specific. Colliers reports availability at 7.8 percent, well above vacancy, which means a meaningful amount of space is marketed but not yet empty. Those are the deals where a landlord will trade rate for certainty.
The two firms disagree on how much is under construction by nearly two to one, 4.4 million against 8.6 million square feet. If CBRE's count is closer, the supply picture a year out is considerably looser than Colliers' number suggests. For a tenant with flexible timing, a shorter renewal now and a market test in 2027 may beat a long-term deal at today's record rent.
Nashville's reach is the real thing: 26 percent of the US population on one-day ground and 76 percent on two-day. It is the rare market where the drive-time marketing understates the case rather than overstating it.
What the major brokerages report.
Each firm tracks a slightly different building set, and in some markets a different metric, so the figures differ. We show all of them rather than average them, because an average of three different definitions describes nothing. Where the spread matters to a negotiation, we say so above.
| Firm | Quarter | Vacancy | Asking rent | Net absorption | Under construction |
|---|---|---|---|---|---|
| Colliers colliers.com | Q2 2026 | 5.0% | $11.60 NNN | +1.8M sq. ft. | 4.4M sq. ft. |
| CBRE cbre.com | Q2 2026 | 4.8% | $10.14 per sq. ft. | +1.8M sq. ft. | 8.6M sq. ft. across 26 properties |
Reach, infrastructure, and labor.
Share of the US population within 450 road-equivalent miles (one-day ground) and 1,000 miles (two-day ground) of the market center, computed against population-weighted centroids of all 3,125 US counties (2020 Census). Bands approximate FedEx and UPS Ground zone tables within roughly 10 percent and are for comparing markets, not quoting transit times.
Sources: taxfoundation.org
Where the buildings are.
Lebanon and Mt. Juliet on I-40 east. The big-box corridor, with most of the metro's large speculative construction.
Smyrna, La Vergne and Murfreesboro on I-24. The automotive supply chain around Nissan, plus large regional distribution.
Around Nashville International. Older product, the best access to labor and the urban core, and the tightest vacancy.
Sumner and Robertson Counties toward Kentucky. Newer distribution and manufacturing with lower land costs.
Franklin and Cool Springs to the south. Smaller buildings and flex serving the corporate and healthcare base.
The operations that choose Nashville.
We represent tenants and buyers only. No landlord listings in Nashville, so every building in the market is a candidate and every negotiation is on your side of the table. See the operations we serve.
Evaluating Nashville?
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