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Nashville Talent on the Move

Zander El-Hindi • 6/8/2021
Nashville is among the top six markets for jobs regained since the pandemic onset. In Nashville, unemployment has fallen to 4.1% as of April 2021, 117 basis-points lower than what was recorded a year ago. 

In fact, over the past decade, Nashville recorded the highest job growth in the country at 2.7%. With a high percentage of Tennessee being fully vaccinated and officials easing mask restrictions, businesses and employees are returning to work and easing into their post-pandemic work structures and environments.

Nashville ranked among the top markets that saw multifamily absorption between 3%-5% of the total inventory. With an influx of supply, effective rents have plateaued in 2021 but are projected to increase 2.9% from 2022 to 2025 as a result of very positive net migration into Nashville.

According to Moody’s Back-to-Normal index, Tennessee is one of the top states that is closest to achieving 100% back-to-normal conditions and lifestyles. The index combines government data with high frequency data to measure how far the economy is from a return to pre-pandemic performance. Tennessee has remained ahead of the U.S. average throughout the past year. For more, check out the Talent on the Move: Where People Live & Work After COVID-19 report.

Nashville talent on the move

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