Report shows office vacancy rate stable at 8.5%

The Nashville office of Cushman & Wakefield has released its first quarter office and industrial reports, with the former showing the city office vacancy rate has stabilized to 8.5 percent.

Asking rents decreased across all classes during the first quarter. Class A spaces dropped 3.2 percent to $29.27 per square foot gross, bringing the overall rate to $26.45 per square foot.