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'Flight-to-quality' trend extends to Nashville's industrial properties

Older warehouses are struggling to keep tenants
Building 14 is a newly constructed, 619,000-square-foot distribution center located at 1301 Richard Petty Way in Lebanon, Tennessee. (CoStar)
Building 14 is a newly constructed, 619,000-square-foot distribution center located at 1301 Richard Petty Way in Lebanon, Tennessee. (CoStar)
CoStar Analytics
March 19, 2025 | 2:13 P.M.

Quarterly industrial demand in Nashville, Tennessee, increased throughout 2023 and the start of 2024. However, since then, absorption has come tumbling lower. Though the annual absorption total aligns with the historical average, quarterly demand trended downward throughout 2024.

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