Author Archives: JLL Tennessee

Nashville’s the city with the lowest office vacancy rate in the country

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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

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What a merry year for Nashville

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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

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Nashville Office Insight- Q2 2016

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CaptureNew lows launch Nashville to national high

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

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JLL’s Tom Hooper and Bo Tyler recognized as Power Brokers by Nashville Business Journal

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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

Categories: Nashville.

Job growth + construction activity next to none

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Job growth that surpasses all U.S. counties illuminates office demand
Nashville’s Williamson County, home to the submarkets with the consistently lowest vacancy rates, witnessed a 6.5 percent increase in job growth in 2015, outstripping the largest counties in the country, which averaged an increase of 1.9 percent in employment growth. The sector with the largest employment increase in Williamson County occurred in professional and business services, which bodes well for office leasing. Davidson County… Read More

Nashville is Rocking and Rollin’ at the top of the CRE Charts

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Nashville is soaring to the top of US commercial real estate charts. Long-known as the country music capitol of the world, Nashville has become recognized nationally for much more due to its astounding growth in white-collar jobs, tech jobs, millennial population, creativity, manufacturing job growth and real estate growth. With over 120 cranes visible across its skyline, construction activity has hit new heights. There are over 2 million square feet of office space and… Read More

Q4 2015 Office Insight

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A historic quarter for a historic year: sales prices, sales transactions, rental rates, vacancy rates, construction levels, commute time

q4 15 overview table

Property sales soar past the crane-filled horizon

Over $820 million in office investment transactions closed in Nashville in 2015, making it the most active year ever and representing a 35.4 percent… Read More