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Special Report

Nashville Multifamily Investment Forecast

Nashville Metro Area, 2017 Outlook

Hiring in service-related industries supports demand outlook. Expansions in the healthcare sector and building trades will support job creation in excess of the U.S. rate of increase this year and generate new demand for rental housing.

Vacancy Rate Climbing in Nashville Amid Period of Rising Stature With Investors

Hiring in service-related industries supports demand outlook. Expansions in the healthcare sector and building trades will support job creation in excess of the U.S. rate of increase this year and generate new demand for rental housing. Graduates from local colleges entering tech or healthcare fields will fi nd employment opportunities in Nashville and join a steady flow of new residents relocating from other areas to form a sizable pool of potential renters. New rental demand, though, will not keep pace with completions this year. Projects slated for delivery in 2017, largely comprising luxury units, will be located in neighborhoods including Music Row, Downtown and the East End. The Class A vacancy rate is most likely to rise as new rentals lease up, but low vacancy in Class B/C complexes will persist as new jobs at hotels and in retail generate new demand.

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