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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.
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.
I get that questions all the time when we first start working on behalf of a client.
And this applies equally to all aspects of Nashville commercial real estate - office, retail, industrial, etc.
Growing up in Nashville, I’ve witnessed this city change quite a bit over the years. We’ve come a long way from the small town where everyone knew each other but have been able to maintain that small-town feel. I’ve always loved this city and how people you haven’t met yet are quick to treat you like family. There truly is no place like home. My passion for Nashville lead me to a career in real estate, where I am able to positively impact our city’s growth every day.
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.
Since rebounding from the recession, the Nashville apartment market has been on a hockey stick trajectory. The office market has stabilized at 8.5% vacancy, the overall retail market is at 3.3% vacancy. Both lower than national averages. And housing is fighting to keep up with the demand from new residents.
