Market Update

No, You Won’t See A Major Shift to Work from Home.

No, You Won’t See A Major Shift to Work from Home.

In a work from home environment, employees “feel” that they are more productive because they can work without having to get up as early, don professional attire, and drive to the office. But are they really more “productive” for the company?

Nashville Property Tax Hike Will Devastate Small Business

Nashville Property Tax Hike Will Devastate Small Business

With his recommended 2021 budget, Mayor Cooper has proposed a near 32% increase in property taxes.

We’ve just been hit by a tornado. We’ve been shut down by COVID-19. Why does this increase have to happen now?

The Outlook on Commissary Kitchens Is Positive Thanks to Coronavirus

The Outlook on Commissary Kitchens Is Positive Thanks to Coronavirus

Now with the current coronavirus pandemic & government mandates being put into place that limit dine-in options (or even prohibit them in cities like Nashville), we are seeing nearly every restaurant adjust their systems in order to offer some sort of delivery option in an attempt to combat the loss of revenue they are experiencing.

Nashville Industrial Market Update Q3 2019

Nashville Industrial Market Update Q3 2019

From quarter two to quarter three of 2019, industrial vacancies have decreased from 4.8% to 4.1%.  Nashville’s vacancy rates are holding at a near record low and are continually decreasing. With the rise of e-commerce and online shopping in the US, industrial products like warehouses and logistics centers are becoming more and more crucial for product distribution.  

CRE Market Update: State of the Nashville Multifamily Real Estate Market Q1 2019

CRE Market Update: State of the Nashville Multifamily Real Estate Market Q1 2019

Nashville's Multifamily Market is growing substantially. With Nashville’s population growing significantly over the past few years, the Real Estate submarket of Multifamily has seen the boost.

CRE Market Update: State of the Nashville Industrial Real Estate Market Q1 2019

CRE Market Update: State of the Nashville Industrial Real Estate Market Q1 2019

Nashville's Industrial market has been booming for years and hasn’t slowed. With the Amazon campus coming, and many other businesses headed for Nashville, it would make sense to not see this boom slow anytime soon.

CRE Market Update: State of the Nashville Retail Real Estate Market Q1 2019

CRE Market Update: State of the Nashville Retail Real Estate Market Q1 2019

Nashville has some amazing retail spaces. Everything from clothing to cars, the retail market in Nashville is strong. With the announcement of a sect of Amazon HQ coming to Nashville, Retail remains strong.

CRE Market Update: State of the Nashville Office Real Estate Market Q1 2019

CRE Market Update: State of the Nashville Office Real Estate Market Q1 2019

Nashville’s Q2 was booming. Like many years before, the Nashville market continues to grow and the economy continues to strengthen.

2019 Commercial Real Estate Forecast

2019 Commercial Real Estate Forecast

It’s important to stay on top of trends in Commercial Real Estate. Since we’re already 1/12th of the way done with 2019, it’s wise to look at how 2019 will look in our business.

CRE Market Update: State of the Nashville Multifamily Real Estate Market Q3 2018

CRE Market Update: State of the Nashville Multifamily Real Estate Market Q3 2018

Q3 2018 had a bright start with Nashville’s famous Fourth of July festivities, including free concerts downtown and a phenomenal fireworks show accompanied by the music of the Nashville Symphony. The later half of the quarter saw the return of a large portion of Music City’s college population as nationally acclaimed universities, Belmont University and Vanderbilt University, started their fall semester.  

CRE Market Update: State of the Nashville Office Real Estate Market Q3 2018

CRE Market Update: State of the Nashville Office Real Estate Market Q3 2018

Q3 2018 was a great time to be in Nashville. Beyoncé and Jay-Z, Keith Urban, and Taylor Swift all performed concerts in Music City in just one week at the end of August. Pilgrimage Music Festival fans, including some of our team members, got rained out… but that didn’t stop anyone from enjoying the weekend.  As rain continues to persist into mid-November, be sure to keep a list of rainy day activities in Nashville on hand.  

CRE Market Update: State of the Nashville Retail Real Estate Market Q3 2018

CRE Market Update: State of the Nashville Retail Real Estate Market Q3 2018

The third quarter, 2018 was epic in Nashville. NoBaked Cookie Dough launched their Germantown location. Bourbon Steak opened on the 34th floor of the newly opened JW Marriott at 201 8th Avenue South. Finally, Luke Bryan fulfilled his dream of opening a bar in Downtown Nashville with Luke’s 32 Bridge Food + Drink. Located at 301 Broadway, his new concept occupies 30,000 feet on six-stories featuring six bars, four stages, and two restaurants.

CRE Market Update: State of the Nashville Retail Real Estate Market Q2 2018

CRE Market Update: State of the Nashville Retail Real Estate Market Q2 2018

Q2, 2018 saw a lot of change and growth for the nation and Nashville. Starbucks made a commitment to completely eliminate the use of plastic straws in their locations by 2020. Here at home, Cushman & Wakefield brokered the Regions/WeWork deal, leading to the building’s closing for $139.5 million in the fall of 2018.

CRE Market Update: State of the Nashville Office Real Estate Market Q2 2018

CRE Market Update: State of the Nashville Office Real Estate Market Q2 2018

The second quarter, 2018, saw some exciting moments. Incredibles 2 was released -- 14 years after the original. The Rare Bird rooftop bar saw its opening week, located atop the Noelle Hotel on 4th and Church St. The Big Band Dance in Centennial Park saw another phenomenal season, made possible by local bands and dance instructors.

CRE Market Update: State of the Nashville Multifamily Real Estate Market Q2 2018

CRE Market Update: State of the Nashville Multifamily Real Estate Market Q2 2018

Quarter 2, 2018, was a great season for the country and Nashville. Nationally, Dropbox -- the sensational online file-sharing company -- soared after it’s first ever public earnings report after its IPO in Q1 2018. At home in Nashville, Char Restaurant was declared the hottest restaurant opened in the last seven months in Music City.

CRE Market Update: State of The Nashville Industrial Real Estate Market Q2 2018

CRE Market Update:  State of The Nashville Industrial Real Estate Market Q2 2018

The second quarter, 2018, was a season of great excitement across the USA and here in Nashville. The summer wedding season was kicked off as the nation watched on in support of the Royal Wedding between the UK’s Prince Harry and his now wife, Meghan Markle. In the final weeks of the quarter, offices across the US took lunch in the conference room in order to watch and cheer for the 2018 FIFA World Cup. At home in Music City, we enjoyed the opening of the Five Points Pizza on Charlotte, Bonnaroo Music Festival, and the opening of the newest bar in East Nashville -- Walden.

Nashville Retail Market Update Q1 2018

Nashville Retail Market Update Q1 2018

Nationally, we’re experiencing strong consumption, despite sluggish income growth. After all, it’s much easier to consume products nowadays thanks to Amazon and online retail.

Nashville Industrial Market Update Q1 2018

Nashville Industrial Market Update Q1 2018

Nationally, industrial property, and particularly distribution warehousing, is in high demand. As more retailers shift to serve online shoppers, same day / next day delivery is paramount. That means retailers are adding more distribution warehousing in strategic hubs.