Cousins Properties announced a long‑term lease of 116,000 square feet with Oracle at its Neuhoff mixed‑use development in Nashville, Tennessee. The lease brings Oracle into the 395,000‑square‑foot office component of Neuhoff, which is currently 84% leased.
Oracle is expected to occupy the space in the second half of 2026, with its offices overlooking the construction of Oracle’s new headquarters campus across the Cumberland River. The campus is a $4.5 billion project that will accommodate 8,500 workers by 2031.
The deal adds a prominent technology tenant to Cousins’ portfolio and reinforces the company’s strategy of attracting well‑capitalized firms to its high‑quality Sun Belt assets. It also supports continued leasing momentum in the Nashville market, where office vacancy rates are falling and asking rents have reached all‑time highs as of early 2026.
Colin Connolly, President and CEO of Cousins Properties, said, "We have been very encouraged by the recent uptick in office leasing activity in Nashville, much of which has been driven by technology and new‑to‑market customers. We continue to see well‑capitalized companies like Oracle prioritize new, highly amenitized space as they look to grow and invest in our Sun Belt markets."
Cousins’ Q4 2025 results showed a net loss of $3.5 million, or $0.02 per share, largely due to impairment charges, while Q1 2025 reported a net income of $20.9 million, or $0.12 per share, and a funds‑from‑operations of $0.74 per share. The Neuhoff development consists of 395,000 square feet of office, 55,000 square feet of retail, and 542 apartments, with office space at 84% occupancy, retail at 46%, and apartments at 92%.
The Oracle lease strengthens Cousins’ portfolio by increasing office occupancy in a high‑growth Sun Belt market and aligns with the company’s focus on attracting well‑capitalized tenants. Oracle’s expansion in Nashville signals robust demand for high‑quality office space and supports the broader trend of technology firms investing in the region.
Nashville’s commercial real‑estate market remains resilient, with office vacancy rates declining and asking rents at record highs. The addition of Oracle to Neuhoff further underscores the city’s attractiveness to investors and tenants alike.
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