Nashville Office Market Faces Headwinds as Professional Services Jobs Decline

Nashville's commercial real estate market is experiencing a notable softening in office demand, driven by significant job losses in key sectors. According to recent U.S. Bureau of Labor Statistics data, the city lost 4,600 office-using jobs in May compared to the previous year, with professional and business services down 1.6%, financial activities declining 1.5%, and information sector jobs dropping 0.6%.