MARKET SNAPSHOT

Nashville q3 2025

AVERAGE RENT

$1,653 Q3 2025

OCCUPANCY RATE

92.2% Q3 2025

NET ABSORPTION

7,778 YTD Q3 2025

ANNUAL RENT CHANGE

-1.0% Q3 2025

ANNUAL OCCUPANCY CHANGE

-20 BPS Q3 2025

UNIT COMPLETIONS

7,659 YTD Q3 2025

KEY TAKEAWAYS
With absorption narrowly exceeding deliveries over the past year, Nashville’s multifamily market is approaching equilibrium, marking a key inflection point toward stabilization moving into 2026.
Click Here
Nashville’s construction pipeline continues to contract, with 11,000 units underway as of October 2025—down roughly 3,000 year over year amid fewer project starts.
Click Here
Despite improving fundamentals, rents remain under pressure, with average effective rents down 1.0% year over year as the market absorbs a heavy wave of lease-ups.
Click Here
MARKET OUTLOOK

Nashville’s multifamily market is entering a period of gradual stabilization following several years of rapid expansion...

Featured Tennessee Research Reports:

Austin Fragoletti

Austin Fragoletti

Managing Director
Sam Jackson

Sam Jackson

Managing Director
Tucker Brock - Headshot

Tucker Brock

Associate Advisor
John Endom

John Endom

Associate Advisor

To gain further insights into the Nashville Market, contact our Local team:

Please complete the form to gain access to the Nashville Quarterly Report

Have a question?
Send us a message!

MMG Real Estate Advisors
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.