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
Jack Daniel’s/Brown-Forman celebrated the renovated Barrel House 1-14 with a ribbon cutting ceremony on July 13, 2016 led by Tennessee Governor, Bill Haslam and Jack Daniel’s Master Distiller, Jeff Arnett in Lynchburg, Tennessee.
Positive vibes: absorption, construction and the economy
Despite having the lowest vacancy in the country, Nashville’s absorption is on track for another year over 1 million square feet. This quarter absorption was 217,464 square feet. By year’s end, 8 more projects, totaling 1.4 million square feet,… Read More
Every year The Nashville Business Journal honors Power Leaders of Commercial Real Estate. JLL Nashville’s Tom Hooper and Bo Tyler have been chosen as Power Brokers in 2016. Winners were recognized at a cocktail reception and program on June 14. Additionally there is a special section of Nashville Business Journal’s June 24 print edition dedicated to… Read More