What is the average asking rent for retail space in Nashville?

As of Q1 2026, the average asking rent for retail space in Nashville was $33.84/SF, per Survey.

What is the retail vacancy rate in Nashville?

The retail vacancy rate in Nashville was 18.2% as of Q1 2026 (Survey).

Where does PropZone's Nashville market data come from?

This report aggregates quarterly retail market data for Nashville from Survey, Cushman & Wakefield.

Nashville Retail Market Report

By PropZone Research · Data through Q1 2026 · Aggregated from Survey, Cushman & Wakefield

Quarterly retail market indicators for Nashville, aggregated by PropZone from Survey, Cushman & Wakefield. As of Q1 2026, average asking rent was $33.84/SF with a 18.2% vacancy rate.

Projected current retail pricing — Nashville

low confidence

Projected asking rent

$33.84/SF/yr

Estimated sale value

$290–$366/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 Survey data (cap rate 6.2%, asking rent held flat). Assumes ~82% occupancy and a 65–82% net-operating-income margin.

Quarter	Asking rent	Vacancy	Net absorption	Under constr.	Source
Q1 2026	$33.84/SF	18.2%	—	—	Survey
Q1 2026	$33.84/SF	18.2%	170K SF	—	Cushman & Wakefield

Frequently asked questions

What is the average asking rent for retail space in Nashville?: As of Q1 2026, the average asking rent for retail space in Nashville was $33.84/SF, per Survey.
What is the retail vacancy rate in Nashville?: The retail vacancy rate in Nashville was 18.2% as of Q1 2026 (Survey).
Where does PropZone's Nashville market data come from?: This report aggregates quarterly retail market data for Nashville from Survey, Cushman & Wakefield.

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