Monthly Archives: July 2017

Q2 2017 Industrial outlook exceeds expectations like the Predators

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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

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Nashville’s office market is still hot like its hockey – though we lost a couple points

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  • The office vacancy increased slightly for the third consecutive quarter – by 50 basis points.
  • The office market is currently tied with San Francisco for the second most occupied market in the country.
  • Rent declined marginally at 1.2 percent, landing at $25.46.
  • 7 million square feet of new product is projected to deliver by Q4 2017; 73.0 percent
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