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21 Oct, 2025
Analysis | Latest
Nashville Self Storage: After 2019 Surge, Supply Normalizes as Demand Strengthens
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Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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This week I’m at the SSA Valuation & Acquisition Course in Nashville, TN. So to stay on theme the Radius+ team covered the Nashville-Davidson–Murfreesboro–Franklin, TN CBSA.

This market saw a huge jump in new supply in 2019 but has since cooled off to more measured supply growth in the subsequent years.

Historical supply added as a percentage relative to total supply:

  • 2019: 9.2%
  • 2020: 3.3%
  • 2021: 3.8%
  • 2022: 1.2%
  • 2023: 3.5%
  • 2024: .7%
  • 2025: 1.2%

Nashville-Davidson–Murfreesboro–Franklin, TN is an attractive market for Self Storage development due to its robust economic drivers featuring major offices for large employers like Nissan, and Amazon. Its vibrant music scene has also made Nashville a popular tourist destination further contributing to Self Storage demand. With the past 2 years seeing a slow down of supply growth and economic drivers remaining strong in Nashville, we can expect to see rental rates begin to grow in this market as demand catches up with the supply.