Nashville’s growth in private businesses is far above regional and national rates, according to Moody’s Analytics. Looking forward, Moody’s states, “Sustained hiring in professional/business services will drive both rising wages and demand for commercial real estate.” Growth is attributed to both moves into the metro area and expansion of existing firms. Nashville’s office vacancy rate is falling precipitously, as supply is not keeping up with demand. In 2015 absorption of office space exceeded additions to the supply 2:1; for the first half of 2016, that ratio is 3:1.
Source : Cushman & Wakefield