{
  "kind": "commercial",
  "region": "Nashville MSA / Middle Tennessee (plus national CRE indicators)",
  "labelNote": "Public FRED indicators for employment, permits, and national CRE. Local vacancy/rent fields are placeholders for hand entry from free broker reports - not CoStar.",
  "generatedAt": "2026-10-05T14:40:56-05:00",
  "asOf": {
    "unemploymentRate": "2026-08-01",
    "nonfarmEmployment": "2026-08-01",
    "buildingPermits": "2026-08-01",
    "crePriceIndexYoY": "2026-01-01",
    "creBankLoans": "2026-08-01",
    "constructionMaterialsPPI": "2026-08-01"
  },
  "kpis": {
    "unemploymentRate": {
      "value": 2.9,
      "display": "2.9%",
      "asOf": "2026-08-01",
      "yoyPctPts": 0.0,
      "label": "Nashville MSA unemployment"
    },
    "nonfarmEmployment": {
      "value": 1200.3,
      "display": "1,200.3k",
      "asOf": "2026-08-01",
      "yoyPct": 0.7,
      "label": "Total nonfarm employment (000s)",
      "unitNote": "Thousands of persons"
    },
    "buildingPermits": {
      "value": 1495,
      "display": "1,495",
      "asOf": "2026-08-01",
      "yoyPct": 6.0,
      "label": "Building permits (SA, private)"
    },
    "crePriceIndexYoY": {
      "value": 6.58,
      "display": "+6.6% YoY",
      "asOf": "2026-01-01",
      "label": "US commercial RE prices (YoY)"
    },
    "creBankLoans": {
      "value": 3127.79,
      "display": "$3,127.8B",
      "asOf": "2026-08-01",
      "yoyPct": 3.4,
      "label": "US bank CRE loans",
      "unitNote": "Billions of dollars"
    }
  },
  "series": {
    "unemploymentRate": [
      {
        "date": "2023-08-01",
        "label": "Aug 23",
        "value": 2.7
      },
      {
        "date": "2023-09-01",
        "label": "Sep 23",
        "value": 2.7
      },
      {
        "date": "2023-10-01",
        "label": "Oct 23",
        "value": 2.7
      },
      {
        "date": "2023-11-01",
        "label": "Nov 23",
        "value": 2.7
      },
      {
        "date": "2023-12-01",
        "label": "Dec 23",
        "value": 2.7
      },
      {
        "date": "2024-01-01",
        "label": "Jan 24",
        "value": 2.6
      },
      {
        "date": "2024-02-01",
        "label": "Feb 24",
        "value": 2.6
      },
      {
        "date": "2024-03-01",
        "label": "Mar 24",
        "value": 2.6
      },
      {
        "date": "2024-04-01",
        "label": "Apr 24",
        "value": 2.6
      },
      {
        "date": "2024-05-01",
        "label": "May 24",
        "value": 2.7
      },
      {
        "date": "2024-06-01",
        "label": "Jun 24",
        "value": 2.8
      },
      {
        "date": "2024-07-01",
        "label": "Jul 24",
        "value": 2.9
      },
      {
        "date": "2024-08-01",
        "label": "Aug 24",
        "value": 2.9
      },
      {
        "date": "2024-09-01",
        "label": "Sep 24",
        "value": 3
      },
      {
        "date": "2024-10-01",
        "label": "Oct 24",
        "value": 3
      },
      {
        "date": "2024-11-01",
        "label": "Nov 24",
        "value": 3
      },
      {
        "date": "2024-12-01",
        "label": "Dec 24",
        "value": 3
      },
      {
        "date": "2025-01-01",
        "label": "Jan 25",
        "value": 3
      },
      {
        "date": "2025-02-01",
        "label": "Feb 25",
        "value": 2.9
      },
      {
        "date": "2025-03-01",
        "label": "Mar 25",
        "value": 2.9
      },
      {
        "date": "2025-04-01",
        "label": "Apr 25",
        "value": 2.9
      },
      {
        "date": "2025-05-01",
        "label": "May 25",
        "value": 2.9
      },
      {
        "date": "2025-06-01",
        "label": "Jun 25",
        "value": 2.9
      },
      {
        "date": "2025-07-01",
        "label": "Jul 25",
        "value": 2.9
      },
      {
        "date": "2025-08-01",
        "label": "Aug 25",
        "value": 3
      },
      {
        "date": "2025-09-01",
        "label": "Sep 25",
        "value": 3
      },
      {
        "date": "2025-11-01",
        "label": "Nov 25",
        "value": 3.1
      },
      {
        "date": "2025-12-01",
        "label": "Dec 25",
        "value": 3.1
      },
      {
        "date": "2026-01-01",
        "label": "Jan 26",
        "value": 3.1
      },
      {
        "date": "2026-02-01",
        "label": "Feb 26",
        "value": 3.1
      },
      {
        "date": "2026-03-01",
        "label": "Mar 26",
        "value": 3.1
      },
      {
        "date": "2026-04-01",
        "label": "Apr 26",
        "value": 3.1
      },
      {
        "date": "2026-05-01",
        "label": "May 26",
        "value": 3
      },
      {
        "date": "2026-06-01",
        "label": "Jun 26",
        "value": 3
      },
      {
        "date": "2026-07-01",
        "label": "Jul 26",
        "value": 2.9
      },
      {
        "date": "2026-08-01",
        "label": "Aug 26",
        "value": 2.9
      }
    ],
    "nonfarmEmployment": [
      {
        "date": "2023-09-01",
        "label": "Sep 23",
        "value": 1173.4
      },
      {
        "date": "2023-10-01",
        "label": "Oct 23",
        "value": 1174.8
      },
      {
        "date": "2023-11-01",
        "label": "Nov 23",
        "value": 1187.8
      },
      {
        "date": "2023-12-01",
        "label": "Dec 23",
        "value": 1186
      },
      {
        "date": "2024-01-01",
        "label": "Jan 24",
        "value": 1166.8
      },
      {
        "date": "2024-02-01",
        "label": "Feb 24",
        "value": 1175
      },
      {
        "date": "2024-03-01",
        "label": "Mar 24",
        "value": 1182.4
      },
      {
        "date": "2024-04-01",
        "label": "Apr 24",
        "value": 1181
      },
      {
        "date": "2024-05-01",
        "label": "May 24",
        "value": 1184.6
      },
      {
        "date": "2024-06-01",
        "label": "Jun 24",
        "value": 1189.4
      },
      {
        "date": "2024-07-01",
        "label": "Jul 24",
        "value": 1173.1
      },
      {
        "date": "2024-08-01",
        "label": "Aug 24",
        "value": 1184.1
      },
      {
        "date": "2024-09-01",
        "label": "Sep 24",
        "value": 1188.8
      },
      {
        "date": "2024-10-01",
        "label": "Oct 24",
        "value": 1187
      },
      {
        "date": "2024-11-01",
        "label": "Nov 24",
        "value": 1196.7
      },
      {
        "date": "2024-12-01",
        "label": "Dec 24",
        "value": 1193.5
      },
      {
        "date": "2025-01-01",
        "label": "Jan 25",
        "value": 1179.8
      },
      {
        "date": "2025-02-01",
        "label": "Feb 25",
        "value": 1184.4
      },
      {
        "date": "2025-03-01",
        "label": "Mar 25",
        "value": 1185.3
      },
      {
        "date": "2025-04-01",
        "label": "Apr 25",
        "value": 1194.2
      },
      {
        "date": "2025-05-01",
        "label": "May 25",
        "value": 1195.2
      },
      {
        "date": "2025-06-01",
        "label": "Jun 25",
        "value": 1188.8
      },
      {
        "date": "2025-07-01",
        "label": "Jul 25",
        "value": 1177.8
      },
      {
        "date": "2025-08-01",
        "label": "Aug 25",
        "value": 1192.5
      },
      {
        "date": "2025-09-01",
        "label": "Sep 25",
        "value": 1192.1
      },
      {
        "date": "2025-10-01",
        "label": "Oct 25",
        "value": 1194
      },
      {
        "date": "2025-11-01",
        "label": "Nov 25",
        "value": 1204.1
      },
      {
        "date": "2025-12-01",
        "label": "Dec 25",
        "value": 1207
      },
      {
        "date": "2026-01-01",
        "label": "Jan 26",
        "value": 1183.4
      },
      {
        "date": "2026-02-01",
        "label": "Feb 26",
        "value": 1185
      },
      {
        "date": "2026-03-01",
        "label": "Mar 26",
        "value": 1192.7
      },
      {
        "date": "2026-04-01",
        "label": "Apr 26",
        "value": 1197.8
      },
      {
        "date": "2026-05-01",
        "label": "May 26",
        "value": 1202.4
      },
      {
        "date": "2026-06-01",
        "label": "Jun 26",
        "value": 1209.2
      },
      {
        "date": "2026-07-01",
        "label": "Jul 26",
        "value": 1194.3
      },
      {
        "date": "2026-08-01",
        "label": "Aug 26",
        "value": 1200.3
      }
    ],
    "laborForce": [
      {
        "date": "2023-08-01",
        "label": "Aug 23",
        "value": 1155693
      },
      {
        "date": "2023-09-01",
        "label": "Sep 23",
        "value": 1157331
      },
      {
        "date": "2023-10-01",
        "label": "Oct 23",
        "value": 1158253
      },
      {
        "date": "2023-11-01",
        "label": "Nov 23",
        "value": 1159046
      },
      {
        "date": "2023-12-01",
        "label": "Dec 23",
        "value": 1160058
      },
      {
        "date": "2024-01-01",
        "label": "Jan 24",
        "value": 1161393
      },
      {
        "date": "2024-02-01",
        "label": "Feb 24",
        "value": 1163186
      },
      {
        "date": "2024-03-01",
        "label": "Mar 24",
        "value": 1165695
      },
      {
        "date": "2024-04-01",
        "label": "Apr 24",
        "value": 1168888
      },
      {
        "date": "2024-05-01",
        "label": "May 24",
        "value": 1172359
      },
      {
        "date": "2024-06-01",
        "label": "Jun 24",
        "value": 1175464
      },
      {
        "date": "2024-07-01",
        "label": "Jul 24",
        "value": 1177618
      },
      {
        "date": "2024-08-01",
        "label": "Aug 24",
        "value": 1179162
      },
      {
        "date": "2024-09-01",
        "label": "Sep 24",
        "value": 1180672
      },
      {
        "date": "2024-10-01",
        "label": "Oct 24",
        "value": 1182259
      },
      {
        "date": "2024-11-01",
        "label": "Nov 24",
        "value": 1184242
      },
      {
        "date": "2024-12-01",
        "label": "Dec 24",
        "value": 1187354
      },
      {
        "date": "2025-01-01",
        "label": "Jan 25",
        "value": 1191434
      },
      {
        "date": "2025-02-01",
        "label": "Feb 25",
        "value": 1195416
      },
      {
        "date": "2025-03-01",
        "label": "Mar 25",
        "value": 1198561
      },
      {
        "date": "2025-04-01",
        "label": "Apr 25",
        "value": 1200810
      },
      {
        "date": "2025-05-01",
        "label": "May 25",
        "value": 1202415
      },
      {
        "date": "2025-06-01",
        "label": "Jun 25",
        "value": 1203568
      },
      {
        "date": "2025-07-01",
        "label": "Jul 25",
        "value": 1204706
      },
      {
        "date": "2025-08-01",
        "label": "Aug 25",
        "value": 1205858
      },
      {
        "date": "2025-09-01",
        "label": "Sep 25",
        "value": 1206993
      },
      {
        "date": "2025-11-01",
        "label": "Nov 25",
        "value": 1208103
      },
      {
        "date": "2025-12-01",
        "label": "Dec 25",
        "value": 1207961
      },
      {
        "date": "2026-01-01",
        "label": "Jan 26",
        "value": 1206750
      },
      {
        "date": "2026-02-01",
        "label": "Feb 26",
        "value": 1203386
      },
      {
        "date": "2026-03-01",
        "label": "Mar 26",
        "value": 1199505
      },
      {
        "date": "2026-04-01",
        "label": "Apr 26",
        "value": 1198155
      },
      {
        "date": "2026-05-01",
        "label": "May 26",
        "value": 1198103
      },
      {
        "date": "2026-06-01",
        "label": "Jun 26",
        "value": 1196639
      },
      {
        "date": "2026-07-01",
        "label": "Jul 26",
        "value": 1194302
      },
      {
        "date": "2026-08-01",
        "label": "Aug 26",
        "value": 1193986
      }
    ],
    "buildingPermits": [
      {
        "date": "2023-09-01",
        "label": "Sep 23",
        "value": 1308.84
      },
      {
        "date": "2023-10-01",
        "label": "Oct 23",
        "value": 2038.94
      },
      {
        "date": "2023-11-01",
        "label": "Nov 23",
        "value": 1631.89
      },
      {
        "date": "2023-12-01",
        "label": "Dec 23",
        "value": 1342.26
      },
      {
        "date": "2024-01-01",
        "label": "Jan 24",
        "value": 1634.73
      },
      {
        "date": "2024-02-01",
        "label": "Feb 24",
        "value": 2113.02
      },
      {
        "date": "2024-03-01",
        "label": "Mar 24",
        "value": 1354.51
      },
      {
        "date": "2024-04-01",
        "label": "Apr 24",
        "value": 1643.47
      },
      {
        "date": "2024-05-01",
        "label": "May 24",
        "value": 2125.76
      },
      {
        "date": "2024-06-01",
        "label": "Jun 24",
        "value": 1267.42
      },
      {
        "date": "2024-07-01",
        "label": "Jul 24",
        "value": 1561.86
      },
      {
        "date": "2024-08-01",
        "label": "Aug 24",
        "value": 1452.93
      },
      {
        "date": "2024-09-01",
        "label": "Sep 24",
        "value": 2327.07
      },
      {
        "date": "2024-10-01",
        "label": "Oct 24",
        "value": 1257.72
      },
      {
        "date": "2024-11-01",
        "label": "Nov 24",
        "value": 1682.39
      },
      {
        "date": "2024-12-01",
        "label": "Dec 24",
        "value": 1525.85
      },
      {
        "date": "2025-01-01",
        "label": "Jan 25",
        "value": 1704.96
      },
      {
        "date": "2025-02-01",
        "label": "Feb 25",
        "value": 1548.53
      },
      {
        "date": "2025-03-01",
        "label": "Mar 25",
        "value": 1888.89
      },
      {
        "date": "2025-04-01",
        "label": "Apr 25",
        "value": 1327.73
      },
      {
        "date": "2025-05-01",
        "label": "May 25",
        "value": 1312.18
      },
      {
        "date": "2025-06-01",
        "label": "Jun 25",
        "value": 1799.54
      },
      {
        "date": "2025-07-01",
        "label": "Jul 25",
        "value": 1991.74
      },
      {
        "date": "2025-08-01",
        "label": "Aug 25",
        "value": 1409.82
      },
      {
        "date": "2025-09-01",
        "label": "Sep 25",
        "value": 1616.68
      },
      {
        "date": "2025-10-01",
        "label": "Oct 25",
        "value": 1598.82
      },
      {
        "date": "2025-11-01",
        "label": "Nov 25",
        "value": 1558.13
      },
      {
        "date": "2025-12-01",
        "label": "Dec 25",
        "value": 1598.75
      },
      {
        "date": "2026-01-01",
        "label": "Jan 26",
        "value": 1379.96
      },
      {
        "date": "2026-02-01",
        "label": "Feb 26",
        "value": 1079.14
      },
      {
        "date": "2026-03-01",
        "label": "Mar 26",
        "value": 1134.15
      },
      {
        "date": "2026-04-01",
        "label": "Apr 26",
        "value": 1591.46
      },
      {
        "date": "2026-05-01",
        "label": "May 26",
        "value": 1218.95
      },
      {
        "date": "2026-06-01",
        "label": "Jun 26",
        "value": 1383.96
      },
      {
        "date": "2026-07-01",
        "label": "Jul 26",
        "value": 1359.68
      },
      {
        "date": "2026-08-01",
        "label": "Aug 26",
        "value": 1495.11
      }
    ],
    "crePriceIndexYoY": [
      {
        "date": "2020-04-01",
        "label": "Apr 20",
        "value": -3.3498
      },
      {
        "date": "2020-07-01",
        "label": "Jul 20",
        "value": -2.1206
      },
      {
        "date": "2020-10-01",
        "label": "Oct 20",
        "value": 2.5593
      },
      {
        "date": "2021-01-01",
        "label": "Jan 21",
        "value": 0.9754
      },
      {
        "date": "2021-04-01",
        "label": "Apr 21",
        "value": 7.5832
      },
      {
        "date": "2021-07-01",
        "label": "Jul 21",
        "value": 14.8179
      },
      {
        "date": "2021-10-01",
        "label": "Oct 21",
        "value": 14.3739
      },
      {
        "date": "2022-01-01",
        "label": "Jan 22",
        "value": 11.8199
      },
      {
        "date": "2022-04-01",
        "label": "Apr 22",
        "value": 8.9496
      },
      {
        "date": "2022-07-01",
        "label": "Jul 22",
        "value": 2.158
      },
      {
        "date": "2022-10-01",
        "label": "Oct 22",
        "value": -1.8681
      },
      {
        "date": "2023-01-01",
        "label": "Jan 23",
        "value": 0.1981
      },
      {
        "date": "2023-04-01",
        "label": "Apr 23",
        "value": 2.3798
      },
      {
        "date": "2023-07-01",
        "label": "Jul 23",
        "value": -0.5732
      },
      {
        "date": "2023-10-01",
        "label": "Oct 23",
        "value": -6.3287
      },
      {
        "date": "2024-01-01",
        "label": "Jan 24",
        "value": -8.5011
      },
      {
        "date": "2024-04-01",
        "label": "Apr 24",
        "value": -10.3173
      },
      {
        "date": "2024-07-01",
        "label": "Jul 24",
        "value": -9.77
      },
      {
        "date": "2024-10-01",
        "label": "Oct 24",
        "value": -2.2164
      },
      {
        "date": "2025-01-01",
        "label": "Jan 25",
        "value": -2.6983
      },
      {
        "date": "2025-04-01",
        "label": "Apr 25",
        "value": -4.9423
      },
      {
        "date": "2025-07-01",
        "label": "Jul 25",
        "value": 2.0948
      },
      {
        "date": "2025-10-01",
        "label": "Oct 25",
        "value": 1.0925
      },
      {
        "date": "2026-01-01",
        "label": "Jan 26",
        "value": 6.5829
      }
    ],
    "creBankLoans": [
      {
        "date": "2023-09-01",
        "label": "Sep 23",
        "value": 2943.7
      },
      {
        "date": "2023-10-01",
        "label": "Oct 23",
        "value": 2952.33
      },
      {
        "date": "2023-11-01",
        "label": "Nov 23",
        "value": 2959.72
      },
      {
        "date": "2023-12-01",
        "label": "Dec 23",
        "value": 2963.86
      },
      {
        "date": "2024-01-01",
        "label": "Jan 24",
        "value": 2975.75
      },
      {
        "date": "2024-02-01",
        "label": "Feb 24",
        "value": 2986.3
      },
      {
        "date": "2024-03-01",
        "label": "Mar 24",
        "value": 2996.53
      },
      {
        "date": "2024-04-01",
        "label": "Apr 24",
        "value": 3002.77
      },
      {
        "date": "2024-05-01",
        "label": "May 24",
        "value": 3002.48
      },
      {
        "date": "2024-06-01",
        "label": "Jun 24",
        "value": 2996.2
      },
      {
        "date": "2024-07-01",
        "label": "Jul 24",
        "value": 3000.3
      },
      {
        "date": "2024-08-01",
        "label": "Aug 24",
        "value": 3002.59
      },
      {
        "date": "2024-09-01",
        "label": "Sep 24",
        "value": 3002.56
      },
      {
        "date": "2024-10-01",
        "label": "Oct 24",
        "value": 3006.6
      },
      {
        "date": "2024-11-01",
        "label": "Nov 24",
        "value": 3004.98
      },
      {
        "date": "2024-12-01",
        "label": "Dec 24",
        "value": 3001.29
      },
      {
        "date": "2025-01-01",
        "label": "Jan 25",
        "value": 3002.5
      },
      {
        "date": "2025-02-01",
        "label": "Feb 25",
        "value": 3009.52
      },
      {
        "date": "2025-03-01",
        "label": "Mar 25",
        "value": 3008.06
      },
      {
        "date": "2025-04-01",
        "label": "Apr 25",
        "value": 3008.12
      },
      {
        "date": "2025-05-01",
        "label": "May 25",
        "value": 3010.55
      },
      {
        "date": "2025-06-01",
        "label": "Jun 25",
        "value": 3014.11
      },
      {
        "date": "2025-07-01",
        "label": "Jul 25",
        "value": 3019.93
      },
      {
        "date": "2025-08-01",
        "label": "Aug 25",
        "value": 3024.83
      },
      {
        "date": "2025-09-01",
        "label": "Sep 25",
        "value": 3029.46
      },
      {
        "date": "2025-10-01",
        "label": "Oct 25",
        "value": 3038.34
      },
      {
        "date": "2025-11-01",
        "label": "Nov 25",
        "value": 3049.09
      },
      {
        "date": "2025-12-01",
        "label": "Dec 25",
        "value": 3060.91
      },
      {
        "date": "2026-01-01",
        "label": "Jan 26",
        "value": 3067.06
      },
      {
        "date": "2026-02-01",
        "label": "Feb 26",
        "value": 3074.63
      },
      {
        "date": "2026-03-01",
        "label": "Mar 26",
        "value": 3080.19
      },
      {
        "date": "2026-04-01",
        "label": "Apr 26",
        "value": 3090.34
      },
      {
        "date": "2026-05-01",
        "label": "May 26",
        "value": 3098.56
      },
      {
        "date": "2026-06-01",
        "label": "Jun 26",
        "value": 3106.37
      },
      {
        "date": "2026-07-01",
        "label": "Jul 26",
        "value": 3114.25
      },
      {
        "date": "2026-08-01",
        "label": "Aug 26",
        "value": 3127.79
      }
    ],
    "constructionMaterialsPPI": [
      {
        "date": "2023-09-01",
        "label": "Sep 23",
        "value": 332.098
      },
      {
        "date": "2023-10-01",
        "label": "Oct 23",
        "value": 328.743
      },
      {
        "date": "2023-11-01",
        "label": "Nov 23",
        "value": 326.844
      },
      {
        "date": "2023-12-01",
        "label": "Dec 23",
        "value": 327.644
      },
      {
        "date": "2024-01-01",
        "label": "Jan 24",
        "value": 334.374
      },
      {
        "date": "2024-02-01",
        "label": "Feb 24",
        "value": 337.766
      },
      {
        "date": "2024-03-01",
        "label": "Mar 24",
        "value": 330.963
      },
      {
        "date": "2024-04-01",
        "label": "Apr 24",
        "value": 330.135
      },
      {
        "date": "2024-05-01",
        "label": "May 24",
        "value": 329.435
      },
      {
        "date": "2024-06-01",
        "label": "Jun 24",
        "value": 328.304
      },
      {
        "date": "2024-07-01",
        "label": "Jul 24",
        "value": 325.556
      },
      {
        "date": "2024-08-01",
        "label": "Aug 24",
        "value": 324.65
      },
      {
        "date": "2024-09-01",
        "label": "Sep 24",
        "value": 324.1
      },
      {
        "date": "2024-10-01",
        "label": "Oct 24",
        "value": 325.428
      },
      {
        "date": "2024-11-01",
        "label": "Nov 24",
        "value": 326.929
      },
      {
        "date": "2024-12-01",
        "label": "Dec 24",
        "value": 324.621
      },
      {
        "date": "2025-01-01",
        "label": "Jan 25",
        "value": 326.249
      },
      {
        "date": "2025-02-01",
        "label": "Feb 25",
        "value": 329.203
      },
      {
        "date": "2025-03-01",
        "label": "Mar 25",
        "value": 334.983
      },
      {
        "date": "2025-04-01",
        "label": "Apr 25",
        "value": 337.18
      },
      {
        "date": "2025-05-01",
        "label": "May 25",
        "value": 344.056
      },
      {
        "date": "2025-06-01",
        "label": "Jun 25",
        "value": 338.652
      },
      {
        "date": "2025-07-01",
        "label": "Jul 25",
        "value": 338.6
      },
      {
        "date": "2025-08-01",
        "label": "Aug 25",
        "value": 341.458
      },
      {
        "date": "2025-09-01",
        "label": "Sep 25",
        "value": 341.005
      },
      {
        "date": "2025-10-01",
        "label": "Oct 25",
        "value": 340.3
      },
      {
        "date": "2025-11-01",
        "label": "Nov 25",
        "value": 338.556
      },
      {
        "date": "2025-12-01",
        "label": "Dec 25",
        "value": 344.679
      },
      {
        "date": "2026-01-01",
        "label": "Jan 26",
        "value": 347.872
      },
      {
        "date": "2026-02-01",
        "label": "Feb 26",
        "value": 352.767
      },
      {
        "date": "2026-03-01",
        "label": "Mar 26",
        "value": 355.488
      },
      {
        "date": "2026-04-01",
        "label": "Apr 26",
        "value": 359.534
      },
      {
        "date": "2026-05-01",
        "label": "May 26",
        "value": 363.933
      },
      {
        "date": "2026-06-01",
        "label": "Jun 26",
        "value": 368.959
      },
      {
        "date": "2026-07-01",
        "label": "Jul 26",
        "value": 374.866
      },
      {
        "date": "2026-08-01",
        "label": "Aug 26",
        "value": 375.908
      }
    ]
  },
  "quarterlyMarket": {
    "note": "Hand-enter from free public broker market reports. Values are null until updated.",
    "office": {
      "vacancyRatePct": null,
      "askingRentPsf": null,
      "asOfQuarter": null
    },
    "industrial": {
      "vacancyRatePct": null,
      "askingRentPsf": null,
      "asOfQuarter": null
    },
    "retail": {
      "vacancyRatePct": null,
      "askingRentPsf": null,
      "asOfQuarter": null
    },
    "multifamily": {
      "vacancyRatePct": null,
      "askingRentPsf": null,
      "asOfQuarter": null
    },
    "sources": [
      {
        "name": "Cushman & Wakefield - Nashville MarketBeat / Research",
        "url": "https://www.cushmanwakefield.com/en/united-states/insights",
        "use": "Intended hand source for Nashville office/industrial/retail vacancy and asking rents (free summary reports)."
      },
      {
        "name": "Colliers - Nashville Research",
        "url": "https://www.colliers.com/en/research",
        "use": "Intended hand source for Nashville quarterly vacancy and rent snapshots."
      },
      {
        "name": "CBRE - Nashville / Southeast research (free summaries)",
        "url": "https://www.cbre.com/insights/reports",
        "use": "Optional supplemental public report for cross-checks. Do not use paywalled CoStar extracts."
      }
    ]
  },
  "sources": [
    {
      "id": "NASH947UR",
      "title": "Unemployment Rate in Nashville-Davidson-Murfreesboro-Franklin, TN (MSA)",
      "url": "https://fred.stlouisfed.org/series/NASH947UR",
      "provider": "FRED (Federal Reserve Bank of St. Louis)"
    },
    {
      "id": "NASH947NAN",
      "title": "All Employees: Total Nonfarm in Nashville MSA",
      "url": "https://fred.stlouisfed.org/series/NASH947NAN",
      "provider": "FRED (Federal Reserve Bank of St. Louis)"
    },
    {
      "id": "NASH947LF",
      "title": "Civilian Labor Force in Nashville MSA",
      "url": "https://fred.stlouisfed.org/series/NASH947LF",
      "provider": "FRED (Federal Reserve Bank of St. Louis)"
    },
    {
      "id": "NASH947BPPRIVSA",
      "title": "New Private Housing Units Authorized by Building Permits - Nashville MSA (SA)",
      "url": "https://fred.stlouisfed.org/series/NASH947BPPRIVSA",
      "provider": "FRED (Federal Reserve Bank of St. Louis)",
      "note": "Housing permits are a leading construction activity indicator relevant to commercial demand context."
    },
    {
      "id": "COMREPUSQ159N",
      "title": "Commercial Real Estate Prices for United States (percent change from year ago)",
      "url": "https://fred.stlouisfed.org/series/COMREPUSQ159N",
      "provider": "FRED (Federal Reserve Bank of St. Louis)"
    },
    {
      "id": "CREACBM027SBOG",
      "title": "Real Estate Loans: Commercial Real Estate Loans, All Commercial Banks",
      "url": "https://fred.stlouisfed.org/series/CREACBM027SBOG",
      "provider": "FRED (Federal Reserve Bank of St. Louis)"
    },
    {
      "id": "WPUSI012011",
      "title": "Producer Price Index: Construction Materials",
      "url": "https://fred.stlouisfed.org/series/WPUSI012011",
      "provider": "FRED (Federal Reserve Bank of St. Louis)"
    }
  ]
}