{"id":4260,"date":"2022-07-11T13:19:59","date_gmt":"2022-07-11T13:19:59","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=4260"},"modified":"2023-09-13T09:09:50","modified_gmt":"2023-09-13T09:09:50","slug":"nashville-multifamily-market-report-june-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/","title":{"rendered":"Nashville Multifamily Market Report June 2022"},"content":{"rendered":"\n

Demand Drives Rent Growth, Occupancy<\/h2>\n\n\n\n

Nashville\u2019s multifamily market maintained its solid performance well into 2022<\/a><\/strong>, propped up by a diverse economy and robust population growth. Asking rents rose 0.8% <\/strong>on a trailing three-month basis through April, to $1,591, catching up to the national figure. Occupancy marked a solid 170-basis-point increase in the 12 months ending in March, to 96.4%.<\/p>\n\n\n\n

The unemployment rate improved to 2.4% in March<\/strong>, leading the state (3.2%) and the nation (3.6%), according to data from the Bureau of Labor Statistics. Nashville\u2019s job market expanded by 5.7%<\/strong>, or 66,100 jobs, in the 12 months ending in February, 100 basis points ahead of the U.S. rate. While leisure and hospitality led gains (21,900 jobs), promising signs for a sustained economic expansion come from Nashville\u2019s largest drivers: professional and business services (13,900 jobs) and trade, transportation and utilities (11,500 jobs). Both sectors are poised for continued growth, thanks to companies expanding in the metro\u2014Amazon, Asurion and Oracle\u2014and the increased traffic at Nashville International Airport.<\/p>\n\n\n\n

Developers expanded the existing stock by 0.8% (1,154 units) through April and had more than 18,000 units underway. Meanwhile, transactions remain elevated, with volume nearing $1 billion, while the price per unit posted a hefty 36% increase to start the year, at $220,468.<\/p>\n\n\n\n

Read the full Matrix Multifamily Nashville Report-June 2022<\/a><\/strong><\/p>\n\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Demand Drives Rent Growth, Occupancy Nashville\u2019s multifamily market maintained its solid performance well into 2022, propped up by a diverse economy and robust population growth. Asking rents rose 0.8% on a trailing three-month basis through April, to $1,591, catching up to the national figure. Occupancy marked a solid 170-basis-point increase in the 12 months ending […]<\/p>\n","protected":false},"author":650,"featured_media":4261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[444,456],"class_list":["post-4260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2022","tag-nashville"],"yoast_head":"\nNashville Multifamily Market Report June 2022 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Nashville\u2019s multifamily market maintained its solid performance well into 2022, propped up by a diverse economy and robust population growth.\" \/>\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.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nashville Multifamily Market Report June 2022\" \/>\n<meta property=\"og:description\" content=\"Nashville\u2019s multifamily market maintained its solid performance well into 2022, propped up by a diverse economy and robust population growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-11T13:19:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T09:09:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/07\/Nashville-iStock-1400340461.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nashville Multifamily Market Report June 2022 - Yardi Matrix Blog","description":"Nashville\u2019s multifamily market maintained its solid performance well into 2022, propped up by a diverse economy and robust population growth.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/","og_locale":"en_US","og_type":"article","og_title":"Nashville Multifamily Market Report June 2022","og_description":"Nashville\u2019s multifamily market maintained its solid performance well into 2022, propped up by a diverse economy and robust population growth.","og_url":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-07-11T13:19:59+00:00","article_modified_time":"2023-09-13T09:09:50+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/07\/Nashville-iStock-1400340461.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Nashville Multifamily Market Report June 2022","datePublished":"2022-07-11T13:19:59+00:00","dateModified":"2023-09-13T09:09:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/"},"wordCount":205,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/07\/Nashville-iStock-1400340461.jpg","keywords":["Multifamily Outlook 2022","Nashville"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/","url":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/","name":"Nashville Multifamily Market Report June 2022 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/07\/Nashville-iStock-1400340461.jpg","datePublished":"2022-07-11T13:19:59+00:00","dateModified":"2023-09-13T09:09:50+00:00","description":"Nashville\u2019s multifamily market maintained its solid performance well into 2022, propped up by a diverse economy and robust population growth.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/07\/Nashville-iStock-1400340461.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/07\/Nashville-iStock-1400340461.jpg","width":1200,"height":628,"caption":"Image by Jonathan Ross\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-june-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Nashville Multifamily Market Report June 2022"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0","name":"lilianam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","caption":"lilianam"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/07\/Nashville-iStock-1400340461.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/4260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/650"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=4260"}],"version-history":[{"count":2,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/4260\/revisions"}],"predecessor-version":[{"id":6372,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/4260\/revisions\/6372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/4261"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=4260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=4260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=4260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}