Commercial real estate in Nashville has seen a massive expansion of value during this economic growth cycle. Office rents have risen a cumulative 45% in metro Nashville since 2010, and while the city leads the country in office construction, vacancies remain below 6% (far below the 20-year average of 9.8%). Here are three affordable office spaces available for lease around Nashville:
Thanks to the work of pioneering investors and developers, this once downtrodden thoroughfare is now seeing an intense revitalization. Developers are bringing new construction and remodeled affordable housing, old motels are getting new life thanks to established hospitality groups, the neighborhood has a place to gather and drink coffee at Retrograde, and hundreds of residential units are under construction (such as Bristol Developments 205-unit apartment complex).