{"id":450,"date":"2021-01-14T14:29:49","date_gmt":"2021-01-14T14:29:49","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=450"},"modified":"2023-03-10T08:13:32","modified_gmt":"2023-03-10T08:13:32","slug":"nashville-real-estate-market-trends-winter-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/nashville-real-estate-market-trends-winter-2021\/","title":{"rendered":"Nashville Real Estate Market Trends &#8211; Winter 2021"},"content":{"rendered":"<h2>Economy Posts Promising Prospects<\/h2>\n<p>Nashville\u2019s economy has advanced consistently in the past cycle, helping it withstand current volatility and mitigating some of the multifamily market\u2019s current woes, at least when compared to larger, coastal metros. The average rent slid 0.2% on a trailing three-month basis through November, to $1,276. Meanwhile, the $1,465 U.S. average remained flat on a T3 basis for the fourth consecutive month.<\/p>\n<p>Employment posted a 7.7% decline in the 12 months ending in September, outperforming the -9.3% national rate. Although leisure and hospitality shrunk by nearly one-quarter during that time frame, construction and financial activities added jobs, expanding by 0.4% and 1.1%, respectively. The metro\u2019s largest sectors\u2014trade, transportation and utilities and professional and business services\u2014withstood the pandemic\u2019s blows and lost only a respective 0.1% and 3.1% of their workforce. Professional and business services is also poised for growth, as several companies moved ahead with relocations and expansions. Meanwhile, the unemployment rate dropped to 6.1% as of October, from the 15.2% April peak.<\/p>\n<p>Both transactions and development rebounded in the third quarter of 2020. Nearly $1.1 billion in multifamily assets traded last year through November for a per-unit price that rose 13.2%, while developers had 13,809 units underway through December.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1180-MatrixMultifamilyNashvilleReport-Winter2021?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Matrix Multifamily Nashville Report-Winter 2021<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economy Posts Promising Prospects Nashville\u2019s economy has advanced consistently in the past cycle, helping it withstand current volatility and mitigating some of the multifamily market\u2019s current woes, at least when compared to larger, coastal metros. The average rent slid 0.2% on a trailing three-month basis through November, to $1,276. Meanwhile, the $1,465 U.S. average remained [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[221,456],"class_list":["post-450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2021","tag-nashville"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nashville Real Estate Market Trends - Winter 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Nashville\u2019s economy has advanced consistently in the past cycle, helping it withstand current volatility and mitigating some of the multifamily market\u2019s current woes, at least when compared to larger, coastal metros.\" \/>\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-real-estate-market-trends-winter-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nashville Real Estate Market Trends - Winter 2021\" \/>\n<meta property=\"og:description\" content=\"Nashville\u2019s economy has advanced consistently in the past cycle, helping it withstand current volatility and mitigating some of the multifamily market\u2019s current woes, at least when compared to larger, coastal metros.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/nashville-real-estate-market-trends-winter-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T14:29:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T08:13:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/02\/Nashville-Winter-2021-iStock-1205146590.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 Real Estate Market Trends - Winter 2021 - Yardi Matrix Blog","description":"Nashville\u2019s economy has advanced consistently in the past cycle, helping it withstand current volatility and mitigating some of the multifamily market\u2019s current woes, at least when compared to larger, coastal metros.","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-real-estate-market-trends-winter-2021\/","og_locale":"en_US","og_type":"article","og_title":"Nashville Real Estate Market Trends - Winter 2021","og_description":"Nashville\u2019s economy has advanced consistently in the past cycle, helping it withstand current volatility and mitigating some of the multifamily market\u2019s current woes, at least when compared to larger, coastal metros.","og_url":"https:\/\/www.yardimatrix.com\/blog\/nashville-real-estate-market-trends-winter-2021\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2021-01-14T14:29:49+00:00","article_modified_time":"2023-03-10T08:13:32+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/02\/Nashville-Winter-2021-iStock-1205146590.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-real-estate-market-trends-winter-2021\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/nashville-real-estate-market-trends-winter-2021\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Nashville Real Estate Market Trends &#8211; 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