March 18, 2025
Oracle has grown out of its downtown office space and is expanding into a building next door.
Oracle Corp. (NYSE:ORCL) entered a sublease agreement with Nashville-based HealthStream to move into around 60,000 square feet of space in a Capitol View office building, according to multiple real estate sources. As HealthStream significantly downsizes, Oracle is seizing the opportunity for further expansion of its downtown office footprint as the company awaits construction on its future East Bank campus.
Last week, Robert Frist Jr.-led HealthStream Inc. (Nasdaq: HSTM) announced it had subleased two of the three floors in its Capitol View headquarters, located at 500 11th Ave N., to an undisclosed company as a means to double down on its hybrid work model.
The Business Journal has learned that Oracle is subleasing that space as there is no more room to expand in the nearby Radius Building.
Oracle currently leases around 150,000 square feet at the Radius Building, located at 601 11th Ave N., in Capitol View. The company has expanded its office space in that building multiple times, leasing an entire new floor last July and another 16,312 square feet in February.
With the new sublease agreement, Oracle’s local office footprint tallies up to more than 200,000 square feet.
When asked for comment, HealthStream directed the Business Journal to the previous press release. Oracle declined comment.
Oracle’s new office building, Capitol View Block “E”, was developed and is owned by Boyle Investment Co. and offers around 300,000 square feet of office space. HealthStream had leased 92,000 square feet in the building and will now occupy a third of that.
The building is also home to the Nashville Area Chamber of Commerce as well as CoStar Group which recently moved into a 34,000-square-foot space.
The pandemic caused many companies to reevaluate their office space needs with some downsizing, like HealthStream, and committing to a hybrid model. On the other hand, multiple high-profile companies like AT&T (NYSE:T), Amazon (Nasdaq: AMZN) and JPMorgan Chase (NYSE: JPM) have returned to five-day-a-week office mandates.
Oracle’s newest space provides proof of the company’s local growth: Construction of its planned $1.35 billion riverfront office campus has yet to begin, and no start date appears imminent. It’s been nearly four years years since the software and cloud-computing company formally cemented incentives tied to its plan to have 8,500 workers in Nashville by the end of 2031.
Oracle had roughly 700 employees in Nashville at the end of 2023, according to state records.
The tech campus is the single-largest economic development deal in city and state history, and yet it managed to reach an even higher level last April: During a visit to Nashville, Oracle Chairman Larry Ellison tagged the campus as the company’s future world headquarters and revealed that he’s hired renowned architect Norman Foster to design it on 70 acres on the East Bank that Oracle has purchased for $277 million.
This article originally ran in the Nashville Business Journal.
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