Nashville Commercial Real Estate

Nashville Commercial and Office Space Overview

Home to country music, incredible food, and a diverse business environment, Nashville, Tennessee is a historic destination for tourism, culture, and an exciting way of life.

Positioned in northern Middle Tennessee, Nashville is the state’s most populated city, attracting global businesses to its rich and diverse environs. With several major international companies occupying the city, it’s not uncommon to see global brands alongside startups, small businesses, and longtime mom-and-pop style shops throughout every neighborhood of the city.

With hundreds of available properties at a median rate of $27 per square foot/year, Nashville’s business community is thriving. Thanks to a large professional population and a talent pool that draws from every university within a couple hundred miles, the opportunity to grow a business or expand to this dynamic city is as bright as its been in decades.

Economy of Nashville

Focused mainly on healthcare, education, and government services, Nashville’s most visible economic output is music. Home to countless recording and production studios as well as numerous live performance venues, it’s easy to credit the country music scene with much of Nashville’s fame and credo. With an estimated economic output of over $6 billion per year, the music industry contributes an estimated 19,000 jobs to the region and is second only to New York City in music production within the United States.

Nashville has been ranked as the nation’s 3rd fastest-growing economy, outpacing cities like Austin, San Francisco, and Salt Lake City. Thanks in great part to the booming real estate market and a burgeoning tech sector, Nashville’s become a go-to destination for top global talent seeking a diverse and energetic city in which to grow their careers and start their families.

Nashville residents enjoy a median household income of $52,858, just below the national average. However, housing prices have begun to spike, forcing affluent families further outside of the city’s limits.

Trends of Nashville

Alongside the ever-growing country music and tourism scene in Nashville, the city has experienced a considerable influx of tourism in recent years thanks to an “experience-friendly” scene that’s cropped up around the city’s many neighborhoods. Now a go-to destination for bachelorette parties, the city’s enterprising spirits have risen to provide supplementary tours, dining, and urban adventures unlike anything in the United States.

Post-recession, the city rebounded quickly, becoming a top ten real estate market in the country, a status it retains to this day. Throughout Nashville city limits are hundreds of new, pending, and active construction projects promising millions of square feet of new commercial, residential, and mixed-use space - a welcome sight to any business owner looking to expand to the Music City.