For a second consecutive year, the Nashville Business Journal (NBJ) has recognized JLL Nashville, a company committed to achieving ambitions for its team, clients and communities, as one the Best Places to Work in 2017.
The 14th annual list surveys and selects businesses in Middle Tennessee that demonstrate a strong commitment to creating positive work environments that foster respect, comfort and employee engagement for the past 14… Read More
Market fundamentals in Smashville are still neck and neck with some of the hottest markets in the country. Midway through the year, rental rate growth has stayed strong; however, vacancy has marginally begun to rise. Rental rates grew to $4.68 per square foot. Meanwhile, vacancy rose 10 basis points to 4.1 percent. With vacancy and rents at a respective 2.5 percent increase and 4.8 percent growth since Q1, Nashville’s
JLL’s Tom Hooper and Bo Tyler Land on the Nashville Business Journal’s 2017 Commercial Power Leaders List
On May 20th, 2017, the Nashville Business Journal unveiled its annual 2017 Commercial Real Estate Power Leaders List, comprised of 50 top finalists in architecture, engineering, construction, professional services, and property and facilities, as well as brokerage firms, developers, executives and Rising Stars. Two of JLL Nashville’s finest, Managing Directors Tom Hooper and Bo Tyler, were featured on… Read More
Pictured: Korean Veterans Blvd Bridge in Nashville, Tennessee
Nashville, the capital of Tennessee, is currently America’s tightest office market and rental rates are likely to rise further, driven by demand from the technology and healthcare sectors, according to JLL.
Based on JLL’s data, tenants are looking for a total… Read More
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.
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
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