Does Nashville have a ‘rent is too damn high’ problem?

Tootsies Nashville

Nashville has become the destination for many a musician hoping to make it big in country pop. The city once symbolizing traditional country has grown up, and with  that growth have come issues many large cities share. Of late, some may be asking if Nashville has a ‘rent is too damn high’ problem.

Tootsies Nashville
No trip to Nashville is complete without a trip to Tootsies Orchid Lounge. The CD Baby conference was about 2 blocks away.

TV station Fox 17 said 35 percent of renters in Nashville hope to relocate to another city. The data is based on searches compiled by Apartment List, a Website including in its content a search feature that lets users input questions about where renters are moving to and from.

Most renters hoping to leave Nashville appear to be interested in moving to Knoxville. The  article has some interesting insights about those who hope to move to Nashville as well.

The rent for a one-bedroom apartment in Nashville has almost doubled since 2011. On the other hand, there’s good news about employment. In 2017 Forbes noted:

“Since 2011, Nashville’s job count in professional and business services has expanded a remarkable 42.6% to 160,300, easily the highest growth rate of any major metropolitan area. Management and technical consulting, architecture and related services have led this growth.”

Forbes also cited Nashville’s “low taxes and a pro-business regulatory environment” as magnets.

With the concentration of music and entertainment interests in the city, it’s likely the rent will continue to rise.

The phrase the ‘rent is too damn high’ became the name of a political party in 2010 because of activist Jimmy McMillan. McMillan’s beef with rent prices targeted New York City. McMillan has retired from politics.

As streaming continues to grow and with the resources technology gives entertainers, in the future, physical destinations may not be as great a draw for artists and entertainers. The Web puts the world at an artist’s fingertips, for now, although censorship may well threaten that model in years to come.

(Kay B. Day/June 19, 2019)

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