nashville Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Matthews, Northmarq, JLL
Quarterly retail market indicators for nashville, aggregated by CREhunt from Matthews, Northmarq, JLL. As of Q1 2026, average asking rent was $30.26/SF/yr and vacancy was 3.6%, per Matthews.
Projected current retail pricing — nashville
Projected asking rent
$30.26–$31.21/SF/yr
Estimated sale value
$303–$395/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 Matthews data (cap rate 6.3%, asking rent trend-adjusted to today). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Matthews | $30.26/SF/yr | 3.6% | 38K SF | — | Matthews |
| Q4 2025 Northmarq | — | 8.5% | — | — | Northmarq |
| Q4 2025 Matthews | $29.95/SF/yr | 3.7% | — | — | Matthews |
| Q2 2025 Matthews | $29.32/SF/yr | 3.3% | — | — | Matthews |
| Q2 2025 JLL | $29.34/SF/yr | 3.3% | — | — | JLL |
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 $30.26/SF/yr, per Matthews.
- What is the retail vacancy rate in nashville?
- The retail vacancy rate in nashville was 3.6% as of Q1 2026 (Matthews).
- Where does CREhunt's nashville market data come from?
- This report aggregates quarterly retail market data for nashville from Matthews, Northmarq, JLL.
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