Report | Nashville Office Insight - Q4 2015
2015 was Nashville’s most active year of office investment in its history, with more than $820 million in transactions being completed over the last 12 months—a 35.4 percent jump from 2014 levels. Prices per square foot also hit new highs, making it too expensive for many local investors to continue to invest in the market.
Six new properties are set to be delivered over the next year, but we don’t expect to see much major relief from all-time low vacancy rates until at least 2017—when even more new construction comes online—since preleasing numbers are strong for 2016 product.
Learn more about what’s happening—and what we expect to occur in the coming months—across the Nashville office market in our Q4 US Office Insight.
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