{"id":1004176268,"date":"2017-06-06T03:00:42","date_gmt":"2017-06-06T11:00:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004176268"},"modified":"2025-02-26T23:48:07","modified_gmt":"2025-02-27T07:48:07","slug":"nashvilles-supply-side-shines","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nashvilles-supply-side-shines\/","title":{"rendered":"Nashville\u2019s Supply Side Shines"},"content":{"rendered":"<p>By\u00a0Evelina Croitoru<\/p>\n<div id=\"attachment_1004176290\" style=\"width: 410px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004176290\" data-attachment-id=\"1004176290\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nashvilles-supply-side-shines\/nashville-rent\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Nashville-rent.jpg\" data-orig-size=\"1459,622\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexandra Efrimov&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1494505479&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Nashville rent\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Nashville rent evolution, click to enlarge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Nashville-rent.jpg?w=1024\" class=\"size-full wp-image-1004176290\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Nashville-rent.jpg\" alt=\"Nashville rent evolution, click to enlarge\" width=\"400\" height=\"171\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Nashville-rent.jpg 1459w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Nashville-rent.jpg?resize=300,128 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Nashville-rent.jpg?resize=768,327 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Nashville-rent.jpg?resize=1024,437 1024w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><p id=\"caption-attachment-1004176290\" class=\"wp-caption-text\">Nashville rent evolution, click to enlarge<\/p><\/div>\n<p>Nashville\u2019s multifamily fundamentals continue to be solid on most levels. With strong demand fueled by robust population gains and consistent job growth, the market remains a hot ticket for investors, which acquired more than $1 billion in apartments in 2016. Nashville\u2019s booming economy is broadening the labor force at a rate well above the national average, helping to drive demand for housing.<\/p>\n<p>Nashville\u2019s knowledge-based economy thrives due to growth-oriented industries, such as health care, which continues to attract a highly educated workforce. Overall, employment is healthy, with 24,300 jobs added in 2016. The construction sector grew the most, due to the glut of supply that has come online in recent years. Nashville Metropolitan Transit Authority approved nMotion, a $6 billion transit plan that will develop a large number of high-capacity and rapid transit services over the next 25 years. Public-private collaborations, such as the Partnership 2020 initiative that aims to create economic growth in the region, are also drawing investors to the area.<\/p>\n<p>In response to strong population growth, developers are ramping up construction, with more than 30,000 units in progress. Due to Nashville\u2019s vibrant employment market, which is driving strong rental demand, we forecast a 4.5 percent rent increase for the full year.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/237-Nashville-Spring2017Outlook?utm_medium=Research-Center&amp;utm_source=CPE&amp;utm_campaign=237-Nashville-Spring2017Outlook\" target=\"_blank\" rel=\"noopener noreferrer\">Yardi Matrix report.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With strong demand fueled by robust population gains and consistent job growth, the market remains a hot ticket. Investors acquired more than $1 billion in apartments in 2016, according to Yardi Matrix.<\/p>\n","protected":false},"author":1055,"featured_media":1004176289,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,21808,13,36077,21742,37795],"tags":[],"class_list":["post-1004176268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-featured","category-midwest","category-nashville-knoxville","category-latest","category-rc-occupancy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nashville\u2019s Supply Side Shines - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nashvilles-supply-side-shines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nashville\u2019s Supply Side Shines\" \/>\n<meta property=\"og:description\" content=\"With strong demand fueled by robust population gains and consistent job growth, the market remains a hot ticket. 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