Nashville Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Lee Associates, Avisonyoung
Quarterly office market indicators for Nashville, aggregated by PropZone from Cushman & Wakefield, Lee Associates, Avisonyoung. As of Q1 2026, average asking rent was $44.51/SF with a 1.6% vacancy rate.
Projected current office pricing — Nashville
low confidenceProjected asking rent
$44.51–$46.31/SF/yr
Estimated sale value
$262–$354/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 8.4%, asking rent trend-adjusted to today). Assumes ~98% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $44.51/SF | 1.6% | 0K SF | — | Cushman & Wakefield |
| Q3 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2025 | $30.79/SF | 19.8% | 58K SF | — | Lee Associates |
| Q1 2025 | $33.99/SF | 17.0% | 563K SF | 0K SF | Cushman & Wakefield |
| Q4 2020 | — | — | 2K SF | — | Cushman & Wakefield |
| Q4 2020 | $78.11/SF | 9.8% | 1.6M SF | — | Avisonyoung |
Frequently asked questions
- What is the average asking rent for office space in Nashville?
- As of Q1 2026, the average asking rent for office space in Nashville was $44.51/SF, per Cushman & Wakefield.
- What is the office vacancy rate in Nashville?
- The office vacancy rate in Nashville was 1.6% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Nashville market data come from?
- This report aggregates quarterly office market data for Nashville from Cushman & Wakefield, Lee Associates, Avisonyoung.
Looking for active inventory? Browse office listings, read how to buy office property, see interactive market trends, or estimate a property's rent or price.