{"id":9033,"date":"2025-02-06T11:24:00","date_gmt":"2025-02-06T11:24:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9033"},"modified":"2025-07-09T11:31:39","modified_gmt":"2025-07-09T11:31:39","slug":"nashville-multifamily-market-report-january-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-january-2025\/","title":{"rendered":"Nashville Multifamily Market Report \u2013 January 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/nashville-multifamily-market-report\/\">Nashville Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rent Growth Faces Pressure<\/h2>\n<p>Nashville\u2019s average advertised asking rent was down 0.5% on a trailing three-month basis, to $1,632, as of November 2024, notes the latest Nashville multifamily market report. A slowdown in employment, paired with strong deliveries and seasonal trends, are a big part of this unfolding story. Meanwhile, the U.S. rate posted a 0.2% decline, on a T3 basis, to $1,744, according to the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market report<\/strong><\/a>. Notably, even with new deliveries accounting for a robust 5.3% of existing inventory, Nashville\u2019s occupancy in stabilized assets slid only 10 basis points year-over-year through October, to 94.4%.<\/p>\n<p><iframe id=\"datawrapper-chart-q10tJ\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Nashville vs. National Rent Growth \" src=\"https:\/\/datawrapper.dwcdn.net\/q10tJ\/1\/\" height=\"335\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Nashville employment growth softened to 0.6% as of September, trailing the national average since February 2024. The market gained 5,000 net jobs over 12 months. Growth was sustained by five sectors, led by education and health services (7,300 jobs) and government (4,300). Another five sectors lost 12,300 jobs combined, with larger declines in leisure and hospitality (-4,500 jobs) and financial activities (-3,000 jobs). Meanwhile, the unemployment rate still reflected a tight labor market, at 2.9% in October, outperforming the state (3.3%) and the U.S. (4.1%). Notable projects underway include Vanderbilt University Medical Center\u2019s 15-story expansion, which is slated to open its first phase in 2025.<\/p>\n<p><iframe id=\"datawrapper-chart-ZY4qf\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Nashville Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/ZY4qf\/1\/\" height=\"433\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Deliveries totaled 10,111 units through November, a decade high for the metro, which had another 23,107 units under construction. Investment volume surpassed $1 billion in 2024 through November, but the average price per unit fell almost 25%, to $180,274<\/p>\n<p>Read the full Yardi Matrix Nashville Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6784-MatrixMultifamilyNashvilleReport-January2025\" rel=\"\"><strong>January 2025<\/strong><\/a><\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rent Growth Faces Pressure Nashville\u2019s average advertised asking rent was down 0.5% on a trailing three-month basis, to $1,632, as of November 2024, notes the latest Nashville multifamily market report. A slowdown in employment, paired with strong deliveries and seasonal trends, are a big part of this unfolding story. Meanwhile, the U.S. rate posted a [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,456],"class_list":["post-9033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","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 Multifamily Market Report \u2013 January 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Pressured by strong stock expansion and slowing employment, Nashville\u2019s average advertised asking rent growth lagged.\" \/>\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-january-2025\/\" \/>\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 \u2013 January 2025\" \/>\n<meta property=\"og:description\" content=\"Pressured by strong stock expansion and slowing employment, Nashville\u2019s average advertised asking rent growth lagged.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/nashville-multifamily-market-report-january-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-06T11:24:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-09T11:31:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/10\/Nashville_iStock-2170877561-feature.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\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=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nashville Multifamily Market Report \u2013 January 2025 - 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