Tag Archives: job growth

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… Read More

Three reasons why Nashville’s apartment market will not become overbuilt

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Vincent Leffler, SVP, Nashville Capital Markets, JLL

Vincent Lefler, SVP, Nashville Capital Markets, JLL Tennessee

By Vincent Lefler, Senior Vice President, Nashville Capital Markets, JLL Tennessee

The numerous cranes visible on the skyline are a sure sign that multifamily construction is booming in Nashville.

Construction data certainly corroborates that impression. The number of apartments delivered in Nashville jumped from an average of… Read More

Job growth boosts Tennessee’s CRE markets

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Memphis

Memphis

Steady job growth continues to be good news for Tennessee’s commercial real estate (CRE) markets.

Memphis added 500 jobs in March 2014 and the unemployment rate registered 8.2 percent, a full percentage point lower than the 9.2 percent unemployment rate in October 2013, according to the U.S Bureau of Labor Statistics (BLS).

Consistent job growth has pushed the total number… 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… Read More