Apartment Supply in Central Nashville Nearly Triples

In a time when U.S. apartment supply volumes have been booming, Nashville has shined as a leader for completions. And driving big apartment inventory growth in Nashville has been the Central Nashville submarket. In fact, Central Nashville has spent the past decade becoming the market hub for new apartment supply. Back at the end of 2014, Central Nashville had nearly 12,900 existing units, ranking behind Murfreesboro/Smyrna, North Nashville and South Nashville for total apartment stock. Five years later, by the end of 2019, Central Nashville had nearly doubled that base, ranking as the market’s second-largest submarket, behind only Murfreesboro/Smyrna. In the last five years, between 2019 and 2024, Central Nashville outpaced all other submarkets for new supply and is now nearly 20% bigger than any other submarket in Music City, with 34,614 units of conventional apartment stock, according to data from RealPage Market Analytics. That’s about 21,700 units more than the submarket had 10 years ago, translating to an increase of 168.5% in the decade. Nationwide, only four other submarkets have seen more growth. Dallas’ Frisco and Rockwall/Rowlett/Wylie submarkets grew by more than 230% in the past 10 years, while Boise’s Nampa/Meridian/Caldwell neighborhood increased 211% and Washington, DC’s Navy Yard/Capitol South submarket grew 193%.