Nashville, Tennessee, USA

$0

Average Rent

$1,586 average rent in Nashville, Q2 2026

0%

Occupancy Rate

92% occupancy rate Nashville, Q2 2026

0

T4Q Net Absorption

8,512 T4Q net absorption in Nashville, Q2 2026

0%

Annual Rent Change

-3% annual rent change in Nashville, Q2 2026

0

BPS Annual Occupancy Change

0 BPS annual occupancy change in Nashville, Q2 2026

0

T4Q Unit Completions

6,645 T4Q net absorption in Nashville, Q2 2026

Key Takeaways

  • Trailing 12-month absorption of 8,512 units continues to outpace the 6,645 units delivered, with Q2 2026 leasing of 2,911 units returning to roughly the same pace recorded a year ago.
  • The construction pipeline is downshifting, with trailing 12-month starts declining to 5,695 units from 7,575 one year ago, while 11,724 units remain under construction (6.2% of inventory), pointing to continued but moderating delivery pressure.
  • Effective rents fell 2.8% year-over-year to $1,586 but rose 1.5% quarter-over-quarter, the second straight quarterly gain, while stabilized occupancy of 92.3% held flat on an annual basis.

Market Outlook

Nashville’s supply and demand fundamentals have moved into better balance. The construction pipeline has thinned well below its long-run norm, and with fewer projects breaking ground than are being completed, the heaviest phase of new supply appears to be behind the market…