The mixed-use trend is in Nashville to stay

Artwork: Brendan Lynch/Axios

The popularity of mixed-use apartment buildings in Nashville continues.

  • A new report from RentCafe, a national apartment search website, found that 4,600 mixed-use apartments were completed in Nashville from 2012 to 2021.
  • That’s nearly one in five units built during that time, putting Nashville at the forefront of a national trend.

Why is this important: Rental communities that include residential, office and retail space have gained a foothold over the past decade. The pandemic and the continued influx of residents moving to Nashville have amplified this dynamic.

Driving the news: The rise of mixed-use developments in Music City has coincided with a broader population boom over the past decade.

  • Realtor Brad Copeland, president-elect of Greater Nashville Realtors, told Axios that these types of developments are especially appealing to newcomers who want to get a feel for the city before buying a home.

The plot: Copeland says he expects more commercial real estate to be redesigned and transformed into mixed-use residential properties as employers’ approach to office work continues to evolve.

  • “Building owners will be looking for ways to convert these properties back into usable space because we won’t need the cabins anymore,” Copeland says.

State of play: Residential mixed-use plans are already proving popular for commercial real estate that needs a facelift. Copeland pointed to the location of the former Macy’s at the RiverGate Mall, where developers want to pursue a project combining hundreds of residential units with retail and restaurants.

And after: Copeland predicts that major thoroughfares like Dickerson Pike are ripe for projects like these.

  • “As people discover the convenience of our wagon wheel spokes that lead downtown, we’re going to see these corridors filled with mixed-use development.”

Zoom out: The number of apartments in live-work-play buildings nationwide has quadrupled from 10 years ago, from 10,000 completed in 2012 to 43,700 in 2021, Yardi Matrix data shows. .

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