IRR-Nashville Mid-Year Viewpoint 2015 Local Market Report - Multifamily
Due to continued job growth the Nashville multi-family market continues to grow with low vacancy rates and continued rent growth. The region gained approximately 8,000 jobs in the past year and unemployment has dropped to just 5%. There are currently 7,500 units under construction with another 7,000 units proposed but the area continues to experience low vacancy rates. We expect the vacancy rate to rise slightly due to the new supply but with job growth and the overall economy of the Nashville market multi-family fundamentals are sound and are expected to remain strong into the foreseeable future.
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IRR Mid-Year Viewpoint 2015 comprises a National Overview report and 300+ two-page Local Market Reports for all key property types as well as additional resources, including metrics methodology, graphs, and tables; these free reports may be downloaded from IRR’s site here.