Have you tried counting the cranes in downtown Nashville? There are 26, in case you were wondering.
That’s just one of many stats uncovered in Nashville Downtown Partnership’s latest market conditions report, which looks at the state of downtown retail, residential, and development. Whether you’re one of the 17,000 residents who call downtown home or just work or play there, let’s dig into the numbers.
Retail
Talk about pride in place. Did you know that downtown is made up primarily of local businesses? According to NDP, 69% of merchants are local, 20% are regional, and 11% are national. Over 20 shops and restaurants have opened so far this year, including Frank Sinatra’s Bar & Lounge, Teddy’s Tavern, and The Co-Op Frose & Eatery.
Looking ahead, Five Daughters Bakery, Blind Barber, and Phillippe Chow are all in development — see the full list in the report.
By the numbers
- 3.7 million sqft of retail
- 336 dining destinations
- 127 shopping options
- 146 nightlife choices
- 63 retail and restaurants have opened or will open in 2023
Residential
Since 2017, over 4,300 housing units have been completed. If you’re looking to move to downtown, there are more units on the way — 4,003 under construction and over 14,000 planned or proposed. Bonus: It’s pup-friendly. Just ask the 4,760 dogs that live there. We recommend taking Fido for a stroll to Alcove’s new public dog park.
By the numbers
- 17,000 residents
- 93% rental occupancy
- 4,003 units under construction
- 14,493 units planned
Check out the full report for more stats on Nashville’s office and hotel development. Spoiler alert, there are 1,821 hotel rooms and 1.7 million sqft of office space under construction.
