Market Highlights

Known for its unparalleled influence on the music industry, Nashville is often called ‘Music City.’ Nashville has experienced significant growth in recent years, making it the most popular city in the United States. Home to over 900 multifamily properties and over 170,000 units, the city continues to expand with 147 multifamily properties currently under construction, representing 37,992 units. With a YoY population growth of 1.77%, Nashville is projected to grow 56% between now and 2060.

The city is also known as the ‘Healthcare Capital of the World’ due to the large number of headquartered healthcare businesses. Nashville is home to over 500 healthcare companies, including several of the area’s top largest employers. The city also has 32 universities and colleges, the most renowned being Vanderbilt University, which is ranked in the top 20 universities in the United States. Nashville is home to two professional sports teams, the Tennessee Titans (NFL) and Nashville Predators (NHL).

Multifamily Highlights

Major Employers

  1. Vanderbilt University Medical Center & Monroe Carell Jr. Children's Hospital

    30,324 Jobs / 1,000 Beds  | Learn More
  2. HCA Healthcare

    27,694 Jobs  | Learn More
  3. State of Tennessee

    26,431 Jobs  | Learn More
  4. U.S. Government

    13,459 Jobs  | Learn More
  5. Nissan Americas

    11,000 Jobs  | Learn More
  6. Metro Nashville Public Schools

    10,513 Jobs  | Learn More
  7. Metropolitan Government of Nashville & Davidson County

    9,852 Jobs  | Learn More
  8. Ascension Saint Thomas

    8,900 Jobs  | Learn More
  9. The Kroger Co.

    8,100 Jobs  | Learn More
  10. Williamson County Schools

    7,211 Jobs  | Learn More
  11. Amazon

    7,200 Jobs  | Learn More
  12. Rutherford County Government & Board of Education

    7,186 Jobs  | Learn More
  13. Vanderbilt University

    5,947 Jobs / 13,710 Students  | Learn More
  14. Clarksville - Montgomery County School System

    5,100 Jobs  | Learn More
  15. Community Health Systems, Inc.

    5,004 Jobs  | Learn More


Other Demand Drivers

  1. Opry Mills Mall

    Major Tenants: Regal Cinemas, Nike Factory, Gap  | Learn More
  2. Mall at Green Hills

    Major Tenants: Macy's, Nordstrom, Dillard's  | Learn More
  3. Fifth + Broadway

    Mixed-Use Development / 5 million+ annual visitors  | Learn More
  4. Nissan Stadium

    Home of the Tennessee Titans / 69,143 Capacity  | Learn More
  5. First Horizon Park

    Home of the Nashville Sounds / 10,000 Capacity  | Learn More
  6. Bridgestone Arena

    Home of the Nashville Predators / 20,000 Capacity  | Learn More
  7. Geodis Park

    Home of the Nashville SC / 30,000 Capacity  | Learn More
  8. Nashville International Airport (BNA)

    21.9 million visitors (YTD July 2023)  | Learn More
  9. Nashville Zoo

    9th Largest Zoo in the U.S. (188 acres) /  | Learn More
  10. Gaylord Opryland Resort & Convention Center

    Largest Hotel in the U.S. without a casino / 750,000 SF of Meeting Space  | Learn More

Sources & Comments

1. Nashville-Davidson–Murfreesboro–Franklin, TN Metropolitan Statistical Area consists of 14 counties, according to Office of Management and Budget: (1) Cannon (2) Cheatham (3) Davidson (4) Dickson (5) Hickman (6) Macon (7) Maury (8) Robertson (9) Rutherford (10) Smith (11) Sumner (12) Trousdale (13) Williamson (14) Wilson

2. Primary Sources: (1) https://fred.stlouisfed.org/ (2) YardiMatrix (3) RentCafe.com (4) CoStar (5) rcanalytics.com (6) www.bls.gov (7) https://www.bizjournals.com/nashville

3. Sales Comps are from 9/20/22 – 9/20/23

4. Development Pipeline as of 9/21/2023

5. This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty, or guarantee, expressed or implied as to its accuracy