ANALYZING EAST BANK ACTIVITY, INVESTMENT AND DEVELOPMENT TRENDS IN THE MUSIC CITY AND WHICH DEMAND DRIVERS WILL BOLSTER ACTIVITY

The Nashville market over the preceding years has gone through a series of dynamic changes. As perhaps the figurehead for emerging Sun Belt cities experiencing growth on the back of the pandemic, development took place at a rapid pace.

In the current environment, activity has been cooling. Despite 37,000 multifamily units currently under construction, land availability coupled with a high interest rate and cost environment have sidelined some firms in the region. 2023 saw the lowest number of real estate closings in over a decade. For those able to secure financing, rezoning efforts and having building permits approved remain a local obstacle.