According to Avison Young’s Market Industrial Report, “the Nashville market witnessed substantial investor interest during the year with industrial investment sales totaling $778 million, an increase of 35% from year-end 2020. Pricing for Nashville industrial assets continues to increase, with pricing for industrial assets seeing 45.3% year-over-year growth. The large jump in psf pricing can be attributed to numerous urban industrial properties trading at a premium in recent quarters.”
With persistent tenant demand, low vacancy, and soaring land and construction costs; industrial rents continue to expand across the market.
Market data continues to support substantial investor interest. CA South plans to add to their industrial portfolio and focus on well-located industrial properties until the market says otherwise.