{"id":1004796809,"date":"2026-05-12T03:53:33","date_gmt":"2026-05-12T11:53:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004796809"},"modified":"2026-05-12T06:34:38","modified_gmt":"2026-05-12T14:34:38","slug":"nashville-office-market-update","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nashville-office-market-update\/","title":{"rendered":"Nashville Office Market Starts Year With Mixed Performance"},"content":{"rendered":"
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The property at 2 Music Square W. sold earlier this year at $374.75 per square foot. Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n

The office sector in Nashville, Tenn., ended the first quarter of the year with mixed fundamentals, according to Yardi Matrix. Construction activity remained limited compared to its peers, while office investment was among the lowest in the country.<\/p>\n\n\n\n

Nashville’s office vacancy edged higher than the national average, while its coworking sector continued to expand, with the metro recording the highest flex space share among similar markets.<\/p>\n\n\n\n

Investors in Nashville generated $26 million in office deals year-to-date through March, with properties selling at $226 per square foot\u2014exceeding the national average of $220 per square foot.<\/p>\n\n\n\n

The metro ranked second-to-last among the top 25 U.S. office markets by total dollar volume. Among peer markets, Dallas led with $859 million, followed by San Diego ($393 million) and Houston ($390 million).<\/p>\n\n\n\n

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READ ALSO:<\/strong> Top Projects That Will Reshape Nashville<\/a><\/p>\n\n\n\n

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Nashville’s office pricing placed it eight nationwide, outperforming Dallas ($222 per square foot) and San Diego ($197 per square foot), among others. Charlotte was the only peer market with higher pricing, where properties sold at $461 per square foot.<\/p>\n\n\n

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One Northcase is a 51,690-square-foot property in Goodlettsville, Tenn.
Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n

The $9.5 million sale of 2 Music Square West in the city\u2019s Music Row district marked the largest office transaction since the start of 2026. Business Made Simple acquired the 25,350-square-foot office building from the American Society of Composers, Authors and Publishers, which had occupied the property as its headquarters since 1986.<\/p>\n\n\n\n

The second-largest transaction was the $8.4 million sale of One Northcase in Goodlettsville, Tenn. Dollar General purchased the 51,690-square-foot building from the Armed Services Mutual Benefit Association.<\/p>\n\n\n\n