Is Nashville overbuilding in Multi-Family?

[Alex Hawk]

There are thousands of Multi Family units under construction in Nashville. While there is an increasing demand and many companies moving to TN, could there be a future decline in multifamily prices/rent? What about the surrounding areas? Thank you.

[Jack Robinson]

According to the Tennessean, over 40,000 people are expected to move to the Nashville area each year. With that much demand, and space being limited for single family homes, the development of multi family units is vital. People will always pay more to live closer to the city, which protects the value of nearly any property build in Davidson County.