Market of the Month: Nashville, TN

October 2025

Often dubbed as “Music City” and “Athens of the South” for its wealth of universities, Nashville blends cultural vitality with strong economic momentum. A relatively low cost of living and a rapidly expanding job market have made the city a magnet for growth, attracting new residents and fueling demand for both housing and self-storage.

Nashville, TN

 

Nashville’s self-storage market mirrors this energy. Within just five miles of the city center, 37 facilities are in operation and two more are underway, while 32 additional projects are planned across the metro area, reflecting deep confidence among developers and investors. After a period of rent declines that once cooled optimism, the market has rebounded with average rents up more than 13% over the past year, supported by population growth, new housing, and major corporate relocations such as Oracle’s, firmly positioning Nashville among the Southeast’s most promising markets for continued expansion.

Market Snapshot

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