Category Archives: Agency Leasing

Nashville’s Office Construction Sets Record at Mid-Year 2015

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Vacancy rates continue to decline as Class A space is in high demandProperty Clock Q2 2015

Mid-year 2015 marks another historic low for vacancy rates in Nashville’s office market. Compared to 10.4 percent in the second quarter of 2014, overall market vacancy for the second quarter of 2015 finished at 7.5 percent, according to JLL’s new Nashville Office… Read More

On Fire: Nashville’s Office Market Continues to Heat Up During the Cold of Winter

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Nashville’s sizzling office market showed no signs of slowing down in the first three months of 2015, ending the first quarter with a 7.5 percent overall vacancy rate, a near-historic low, according to JLL’s new Nashville Office Insight Q1 2015 report. The overall average direct asking rent climbed slightly from the preceding quarter, to $22.35 per square foot, still well below the national average.

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Strong Finish for Nashville’s Office Market Keeps it on the National Radar

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Nashville’s office sector ended 2014 on a strong note to remain on the national radar. The demand for Class A office space shows no signs of slowing down in both the urban and suburban markets, and the vacancy rate for Class A office space in the metro area continued to decline, reaching 3.5 percent overall, according to JLL’s new Nashville Office Insight Q4 2014 report.Q4 2014 Key MarketRead More

Music to Our Ears: Nashville’s Office Sector Continues to Soar

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Fueled by a fast-growing economy, Nashville’s office sector once again sizzled in the third quarter, and the market for high-end space in the city’s booming Downtown grew tighter than ever. The vacancy rate for Class A office space in the metro area continued its steady drop, reaching 3.7 percent, down from 4.4 percent in the second quarter and 5.4 percent six months earlier, according to JLL’s Nashville Office Insight Q3 2014 report. The rate… Read More

Tennessee’s Facilities Management Program Continues to Gain National Attention for Innovation and the Substantial Savings it is Giving to the State’s Taxpayers

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The National Association of State Procurement Officials (NAPSO) in September presented Tennessee with George Cronin Award, an annual honor that recognizes advances in innovation, service improvement and cost reduction of state government services. Tennessee received a bronze award for third place, along with first-place Virginia and second-place California.

Katie Lillard, left, and

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Hot Nashville multifamily market posts strong rental growth

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The healthy demand for apartments continues in the metro Nashville market.

One sure sign of the strong demand is the upward trend in rental rates.

As of first-quarter 2014, year-over-year rental rates in Nashville rose by 3.7 percent, according to JLL’s Multifamily Performance Statics Q1 2014 report. That growth rate was the fifth best in the U.S.

According to JLL’s report,… Read More

Nashville office market: positive trends to continue

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Tom Hooper, VP, Nashville Leasing Office, JLL Tennessee

Tom Hooper, VP, Nashville Leasing Office, JLL Tennessee

by Tom Hooper, Vice President, Nashville Leasing Office, JLL Tennessee

JLL just closed a new lease with a company that will be relocating from suburban Brentwood to downtown Nashville.

The lease with Jupiter Auto Insurance at Fifth Third Center is a prime example of the growing demand for Class A space… Read More

Kevin McDowell brings his experience home to Nashville

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Senior Vice President Kevin McDowell will relocate his family to Nashville, Tenn.

Senior Vice President Kevin McDowell will relocate his family to Nashville, Tenn.

Kevin McDowell, JLL Senior Vice President for Project and Development Services, will be permanently relocating to Nashville in his role as lead of the Tennessee division for JLL’s Southeast Region. McDowell has managed JLL projects in Tennessee since 2005,… Read More