Bill Diebenow Properties

Year-over-year multifamily rent growth was up by double digits in nine of 30 U.S. markets. Metro areas that posted the largest year-over-year increases in rents are all Sunbelt metros that are also experiencing the biggest population growth. Asking rents for non-leased apartments grew 6.3% from June 2020 to June 2021. Nashville saw a 7.7% climb. Click to take a look at the article and study produced by commercial real estate data company Yardi Matrix.

Take note that Nashville is recognized as the best city in the country for first-time homebuyers by financial technology company SmartAsset. Middle Tennessee was actually a double real estate winner in the Best Cities 2021 study (click here) . Nashville ranked No. 1 (and nearby Murfreesboro No. 5) among the 163 the largest U.S. cities. 12 metrics were analyzed across four major categories: home market favorability, affordability, livability and employment.

Nashville’s surging appeal is demonstrated in both its tourism scene as well as its real estate growth. It’s exciting for me to see the thriving parallels in both of my career industries. Nashville International Airport (BNA) passenger numbers have climbed higher than pre-pandemic levels. Check out this brief Nashville Business Journal article .