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Real Estate Trail
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CITY NOW NEXT · Nashville · Office

Progress At VOCE: The 25-Story Condo, Hotel, & Office Tower In Nashville.

Via CITY NOW NEXT · October 19, 2026
Compiled by Real Estate Trail Editorial · October 19, 2026

Why this matters

Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Nashville continues to absorb meaningful multifamily and mixed-use development. Hospitality has been a standout performer through the cycle. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Read the full article at CITY NOW NEXT →

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