If there’s one telling sign that the Nashville real estate market is in a great spot right now, it’s that 2015 was yet another record-setting year for investment properties. According to recent reports, investors purchased over $1.27 billion worth of apartment units in the Nashville area, making it the second straight year multi-family transactions exceeded $1 billion.
Nashville’s thriving auto and healthcare industries, as well as its affordability, livability, and overall great quality of life are helping it become one of the fastest growing cities in the U.S., and with a general shortage in new construction inventory right now, investors are hoping to capitalize on a red hot rental market that doesn’t appear to be slowing down anytime soon.
The commercial real estate market in Nashville is also on the rise, with some statistics showing more than $792 million worth of office buildings in the region having also sold in 2015—a number that’s up almost 30% from 2014.
Oddly enough, retail space in Nashville was on the decline in 2015, with sales dropping almost 38% to $265 million based on Real Capital Analytics findings.