Nashville has the most expensive industrial space among its Southeast peers

Thanks to the market’s massive growth, industrial rental rates in Nashville, Tennessee, have not only reached a record high but are now the highest among its peer cities within the Southeast. Nashville’s average triple-net asking lease rate for industrial space in the third quarter of 2024 was $11.38 per square foot, a 6% increase year over year and nearly 10% higher than average asking rents in the next priciest Southeastern market.