Oracle's deal to expand in Nashville is the latest sign that the Tennessee city has become an investment hot spot for some of the nation's most powerful companies.
The technology giant, already underway on plans to develop its $4.5 billion headquarters in the city, finalized a deal for more than 116,000 square feet in the Neuhoff District office building at 1320 Adams St. It marks one of the region's largest office deals so far this year as the firm looks to accommodate its fast-growing workforce.
The deal also comes as Starbucks finalizes a lease for about 250,000 square feet to house thousands of people the coffee giant plans to employ in the area. That future space will plant a corporate flag in Nashville, anchoring the Seattle-based company's growth plans in the South and Northeast United States. The company has said it will maintain its corporate headquarters in Seattle but plans to shift its supply chain operations to the future Tennessee office sometime this year.
Nashville is "an ideal location to open an office and establish a more strategic presence in the Southeast region of the U.S.," Starbucks Chief Operating Officer Mike Grams said in a previous statement. "The city offers a deep, talented and growing workforce, making it a desirable location for us."
In-N-Out, the beloved burger chain with roots in Los Angeles, is following a similar playbook, choosing Nashville to anchor its eastern U.S. expansion. Other firms growing in the area include social media giant TikTok and e-commerce giant Amazon.
"Nashville has emerged as a leading city for growth-oriented companies," Colin Connolly, the CEO of Cousins Properties, the owner of Oracle's new Nashville building, told CoStar News. "Its vibrancy attracts top talent, so it should be no surprise that dynamic companies like Oracle and Starbucks are growing in Nashville. We expect this trend to continue."
Oracle's new Nashville location "reflects our need to keep adding space as more and more people are drawn by the opportunity to be at the epicenter of Oracle's cloud and AI growth, as well as the city's vibrant tech community and dynamic culture," Scott Twaddle, Oracle's senior vice president for cloud infrastructure, said in a statement.
The lease fills more than a third of the roughly 306,670-square-foot property overlooking Oracle's future East Bank headquarters along the Cumberland River. The deal, finalized earlier this month, is scheduled to kick off later this summer and ultimately span five complete floors in the 15-story property.
Corporate appeal
Over the past several years, dozens of Fortune 500 companies, including Oracle, Amazon, Dollar General and FedEx, have planted corporate flags across greater Nashville, attracted by the area's affordability, diverse job market, business-friendly climate and lifestyle. Those corporate investments have helped bolster the region's reputation as a logistics, financial and technology hub.
The area's appeal has provided a critical backbone for the region's office market, fueling leasing and new construction investments. Net absorption, or the difference in space occupied versus vacated in a given period, totaled more than 1.5 million square feet in the final three quarters of 2025, according to CoStar data, largely driven by companies upgrading their spaces as they increased attendance requirements.
What's more, almost 2 million square feet of premium office space was completed last year alone, making Nashville one of the most active markets in the country for new development. That also means companies such as Oracle and Starbucks have a wide pool of options to choose from as they hunt for space.
Those commitments have also provided a major confidence boost among landlords who placed early bets on the markets that are now clearly paying off.
Atlanta-based Cousins broke ground on the Neuhoff District building in mid 2021, wrapping up construction a couple of years later. The project has so far secured a roster of heavyweight tenants, including Boston Consulting Group, law firm Butler Snow, accounting firm Frazier & Deeter, and now Oracle.
"We have been very encouraged by the recent uptick in office leasing activity in Nashville, much of which has been driven by technology and new-to-market customers," Cousins' Connolly said. "We continue to see well-capitalized companies like Oracle prioritize new, highly amenitized space as they look to grow and invest in our Sun Belt markets."