Nashville, TN | 2025 Q2 Multifamily Market Overview

Market Overview

The Nashville MSA includes 998 multifamily properties totaling 205,611 units, with 15,684 units currently under construction across 50 properties. Nashville’s diversified economy supports a strong employment base of 330,000 jobs in healthcare and $68 billion in annual output, while the region’s Gross Metropolitan Product exceeds $200 billion. Since March 2020, the metro has added 107,000 net new jobs, marking a 10.2 percent increase and reinforcing sustained market momentum. Average asking rent is $1,719, with occupancy holding at approximately 88.8 percent.

About The Kirkland Co.

The Kirkland Co. is a regional real estate advisory firm rooted in Nashville, offering deep local expertise in multifamily brokerage, market dynamics, and economic fundamentals. Its multifamily research combines localized property data, pipeline tracking, and broader regional insights to help investors, developers, and stakeholders understand market drivers and strategic positioning.