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
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