Nashville is challenging historic trends in supply and demand and the effects on rent. Supply is outpacing demand, yet rent continues to grow. Between Q4 2016 and Q1 2017, total vacancy increased 192 basis points, respectively from 6.2 percent to 8.1 percent. Nonetheless, direct average asking rent in 2017 increased 218 basis points, respectively from $23.59 to $25.78. Vacancy most sharply increased in suburban product, at 39 percent, and rent also grew the strongest… Read More
Since 2010, vacancy has continued to drop. This quarter is no different and sets the tone for another year of high demand in Nashville. Leasing activity is highest in the Southeast submarket and picking up in the submarkets closest to the core. While pre-leasing on new construction has slowed, industrial demand remains strong.
- Vacancy fell to 4.0 percent, down … Read More
Panattoni development company & JLL Nashville host open house at Nashville’s new Skyline Distribution Park
Panattoni & JLL Nashville’s Industrial team hosted a March Madness open house at Panattoni’s Skyline’s Industrial Distribution Park on March 17th. This was the first opportunity for most of Nashville’s commercial real estate community to visit the anticipated Skyline Industrial Distribution Park,… Read More
(Senior Vice President Vince Lefler and Analyst Peter Chacon proudly display their awards. Not pictured, Vice President Sean McGuire)
For the second year in a row, Vincent Lefler received the NAIOP Broker of the Year award at the Nashville chapter of the NAIOP, Commercial Real… Read More
Compared to the rest of the country, Nashville’s office vacancy remains the lowest in the country. However, for the first time in six quarters, office vacancy has begun to increase. At the end of Q4, office vacancy sits at 6.2 percent overall compared to last quarter’s 4.6 percent. Class A and B space saw an increase in office vacancy,… Read More
Q4 2016 Industrial Insight
What a merry year for Nashville! Music City’s industrial rental rates reached record highs and vacancies hit new lows. Over the course of the year, rental rates grew by 6.4 percent – from $4.07 to $4.33 – between Q1 and Q4 respectively. Vacancy in that same time period remained stable at 4.4 percent, largely as a result… Read More
The JLL Nashville team will lead the marketing efforts for The Landings at River North, a 40-acre site comprised of office, retail, residential, and hospitality spaces.
Click here to read today’s articles in The Tennessean, Nashville Business Journal, and The Nashville Post
Music City soars to third in the world….
3rd on the charts: Nashville’s rent growth is ranked third in the world
According to The Prologis Logistics Rent Index released in March 2016, Nashville’s rent growth is the third highest in the world. Year over year rent growth between Q2 2015 and Q2 2016… Read More