What is the average Class A rent in Nashville?

Around 42 USD/sqft/yr ($42 USD) across the broader Class A index. Trophy submarkets like Downtown command 20–40% above that.

How many months of rent-free are normal in Nashville?

12 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Nashville?

The Nashville Class A market is currently rising. Vacancy is 17.3%, which sets the negotiating context.

Headline Class A rent in Nashville is around 42 USD/sqft/yr ($42 USD), with 12 months of typical rent-free on a 10-year term.

Headline Class A rent: 42 USD/sqft/yr ($42 USD).
Trophy submarket rents (Downtown) push to roughly $50/sqft/yr.
Typical concessions on a 10-year deal: 12 months free rent.
Vacancy stands at 17.3% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Nashville Class A office rents and incentives

Headline Class A rent in Nashville is around 42 USD/sqft/yr ($42 USD), with 12 months of typical rent-free on a 10-year term.

TL;DR

Headline Class A rent: 42 USD/sqft/yr ($42 USD).
Trophy submarket rents (Downtown) push to roughly $50/sqft/yr.
Typical concessions on a 10-year deal: 12 months free rent.
Vacancy stands at 17.3% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Nashville are quoted in USD per sqft per year. Across the broad Class A index the figure is 42, but the trophy tier in Downtown reaches roughly $50/sqft/yr. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Nashville concessions on a 10-year Class A lease run to 12 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — 21% federal corporate income tax. No Tennessee state income tax on wages. Tennessee assesses a 6.5% franchise and excise tax on corporate net earnings. Davidson County property tax applies.

Where rents land by submarket

Downtown sits at the top end (~$50/sqft/yr). Midtown / Music Row clears around $40/sqft/yr as the prime tier. Cool Springs (Franklin) represents the value end at ~$32/sqft/yr. The full submarket map is on the Nashville city page.

Key facts

city	Nashville
country	United States
region	Americas
classARentLocal	42 USD/sqft/yr
classARentUsd	$42/sqft/yr
vacancy	17.3%
typicalLeaseYears	10
typicalRentFreeMonths	12
submarkets	5
primeYieldPct	6.7%
trophyRent	$50/sqft/yr
primeRent	$40/sqft/yr

Frequently asked questions

What is the average Class A rent in Nashville?: Around 42 USD/sqft/yr ($42 USD) across the broader Class A index. Trophy submarkets like Downtown command 20–40% above that.
How many months of rent-free are normal in Nashville?: 12 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Nashville?: The Nashville Class A market is currently rising. Vacancy is 17.3%, which sets the negotiating context.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction