Market Snapshot | Nashville Q2 2025

Market Overview

Nashville’s multifamily market is moving toward equilibrium in Q2 2025, with 9,750 units absorbed over the past year compared to 9,500 completions. Class A properties led the way with 6,600 net absorptions, reflecting renter preferences for newer, higher-end units. Despite this momentum, average effective rent slipped 0.5 percent year-over-year as the market adjusts to elevated lease-up activity.

About MMG

MMG Real Estate Advisors delivers multifamily market intelligence and capital strategy insights across major U.S. metros. Their focused research broken down by rent, absorption, occupancy, and pipeline dynamics—paired with local context—helps investors, developers, and owners make informed strategic decisions.