Nashville Office Market Report

Leasing gains help vacancy retreat. Nashville posted the third-largest vacancy drop among major markets in the first half of 2026, down 170 basis points to 14.0 percent, aided by office-to-hotel conversions and the best first-half leasing since 2021. Downtown, West End, and Green Hills-Music Row stood out, each seeing vacancy fall at least 140 basis points amid solid entertainment and corporate demand. Starbucks leased 250,000 square feet Downtown even as it closed regional offices elsewhere, showing Nashville’s growing pull as a corporate hub. These trends show the market is finding firmer footing despite flight-to-quality and some tenant pullbacks, including TikTok’s planned office closure.