Robust population growth and a booming tourism industry have been driving retail demand in Nashville, Tennessee, helping make it one of the tightest markets in the country. However, despite the region's low availability rate, construction hasn't kept up with demand, making it difficult for retailers to find new, desirable space.
The owners of a Nashville, Tennessee, honky-tonk where Post Malone and Lana Del Rey have performed paid a pretty penny for a property next door where they want to expand.
Strong population growth and a resilient job market have unlocked record-high demand for Nashville, Tennessee’s multifamily housing. However, years of oversupply have weighed on the market's vacancy rate and rent growth and have also led to considerable concessions across the market.
Two of the largest U.S. office landlords are boosting their outlooks as a result of better-than-expected leasing, climbing occupancy and rental rates, the latest sign tenants are back in dealmaking mode.
Prominent office leases signed by Holland & Knight, Amazon and Built Technologies negotiated by top dealmakers from CBRE and Highwoods Properties are among the second-quarter office leases recognized by CoStar.
A prominent industrial deal handled by ProVenture and a multifamily disposition arranged by Cushman & Wakefield are among the top second-quarter property sales recognized by CoStar.
Prominent industrial leases signed by Serveone, FedEx Express and Dart Warehouse negotiated by top dealmakers from CBRE and Colliers are among the second-quarter industrial leases recognized by CoStar.
Prominent retail leases signed by Cavender's, Everbrook Academy and Parkingmgt.com negotiated by top dealmakers from Colliers and Centennial Retail Services are among the second-quarter retail leases recognized by CoStar.
Childress Klein sold a portfolio of seven self-storage properties in Atlanta and Nashville to the Canadian operator Mini Mall Storage, a sign of investors’ continued interested in the niche sector.
Gorney Realty has acquired Cedar Ridge at Cedar Bluff, a five-story office building at 408 N. Cedar Bluff Road, for $10.5 million in Knoxville, Tennessee.
Nashville, Tennessee’s office-using labor market softened over the past year, with payrolls in professional and business services, financial activities and information declining by 4,600 jobs in May compared to last year, according to the latest data from the U.S. Bureau of Labor Statistics.
Brookfield Asset Management is boosting its holdings of smaller-format industrial buildings in the U.S. in a bet on the long-term outlook of those types of properties as more companies onshore their supply chains.
Retailers Perfumania and The Fragrance Outlet are expanding their footprints by signing leases for 27 new stores at malls and outlet centers across the United States.
Despite sluggish demand and rising availability, the industrial market in Nashville, Tennessee, remains tight. In fact, Nashville’s vacancy levels are lower than the national rate at every size range.