logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
United States
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Segments

      Advisory Services

      Global Workplace Solutions

      Real Estate Investments

      • Advisory & Transaction Services
      • Capital Markets
      • Project Management
      • Property Management
      • Valuation & Advisory Services
      • Advisory & Transaction Services | Occupier
      • Client Strategy and Consulting
      • Facilities Management
      • Project Management
      • Development Services (Trammell Crow Company)
      • Flexible Space Solutions (Hana)
      • Investment Management (CBRE Global Investors)
    • Services for Investors
      • Appraisal Management
      • Debt and Loan Valuation
      • Federal Government Leases
      • Leasing & Advisory
      • Litigation Support
      • Net Lease Properties
      • Small Balance Lending
      • Corporate Capital Markets
      • Debt & Structured Finance
      • Going Concern Valuation
      • Investment Accounting & Reporting Solutions
      • Loan Portfolio Sales
      • Property Management
      • Telecom Advisory
      • Construction Risk Management
      • Energy & Sustainability
      • Host
      • Investment Banking
      • Loan Servicing
      • Property Sales
      • Valuations for Financial & Tax Reporting
    • Services for Occupiers
      • Business Transition & Move Management
      • Energy & Sustainability
      • Host
      • Location Analytics
      • Portfolio Services
      • Space Enablement
      • Client Strategy and Consulting
      • Expense Management Solutions
      • Labor Analytics
      • Location Incentives
      • Project Management
      • Workplace
      • Corporate Capital Markets
      • Facilities Management
      • Leasing & Advisory
      • Network Advisory
      • Real Estate Accounting
    • Asset Types & Specialties
      • Office
      • Aerospace and Defense
      • Data Centers
      • Golf & Resorts
      • Multifamily
      • Parking
      • Industrial & Logistics
      • Affordable Housing
      • Hotels
      • Land
      • Nonprofit
      • Self-Storage
      • Retail
      • Aviation Properties
      • Gaming
      • Manufactured Housing
      • Omnichannel
      • Senior Housing
    • Industry Sectors
      • Industrial & Logistics
      • Energy, Oil & Gas
      • Law Firms
      • Technology, Media & Telecom
      • Retail
      • Financial Services
      • Life Sciences
      • Data Centers
      • Healthcare
      • Student Housing & Education
  • Properties
  • Research & Insight
    • Latest National Research & Reports
      The Way Forward
      Weekly Insights
      Reopening the World's Workplaces
      COVID Resource Center
  • People & Offices
  • About CBRE
    • Careers
      Case Studies
      Corporate Information
      Corporate Responsibility
      Executive Leadership - Global
      Investor Relations
      Media Center
      Suppliers

Next

CBRE Recognized for Real Estate Industry’s "Best Use of Automation" by Realcomm
  • About CBRE
  • Media Center
  • Nashville Ranks Among National Cities to Watch

Nashville Ranks Among National Cities to Watch

March 1, 2016
  • Email
  • Share
  • Tweet
  • Share

City ranks as top secondary market for industrial absorption and boasts second lowest suburban office vacancy rate

Nashville, Tenn., March 1, 2016 – Nashville is on the list of cities to keep an eye on in 2016 in both the office and industrial arenas. The city has attracted a steady stream of relocations and boasts one of the nation’s highest millennial attraction ratings, on top of its stable investment market.

Nationally, the U.S. industrial market remains a favorable investment target for institutional capital seeking strong long-term fundamentals. According to CBRE Research, Nashville is following the national industrial trends: consecutive positive net absorption, rising rents, speculative development and investor interest. Nashville was highlighted as the top secondary market in C​BRE’s U.S. Industrial & Logistics Q4 2015 Marketview, posting 4.2 million sq. ft. of absorption. Within the industrial sector, warehouse remains the strongest asset type, with a 15.4% return for 2015. Las Vegas, Austin, Nashville and Oakland are currently the clear leaders in return performance. 
 
Secondary markets with favorable space that are well located along key supply chain transportation networks are welcoming industrial tenants. According to the report, Nashville fits the mold and boasts a No. 3 ranking among markets with high institutional return rates on industrial assets. 

On the office side, Nashville was one of only six metros where investors had high expectations for rent growth in the central business district. The suburbs faired well also, with Nashville posting suburban rent growth above 5% from the previous year, according to the CBRE U.S. Office Q4 2015 Marketview. Investors’ and tenants’ faith in Nashville is a result of the city’s overall stability, attraction and its top national ranking related to office vacancy. Nashville’s suburban office market boasts the second lowest vacancy rate, tied with San Jose, and the city’s metro as a whole comes in as the fifth lowest office vacancy market. 

“The demand for space is likely to hit a new never seen before peak in the near term, as we get close to 0% vacancy in some submarkets.  The rent growth and low vacancy phenomenon should not yield for at least two years in Nashville,” said Harrison Johnso​n, CBRE Nashville’s Senior Vice President for Tenant Representation. 

CBRE Economic Advisors expect the momentum to continue in Nashville and throughout the South, noting the region should expect a boom in office-using job growth.  

“The office and industrial sectors are experiencing unprecedented leasing velocity, absorption and rent growth,” said Douglass Johnson​, CBRE Nashville’s Senior Vice President in Investment Properties. “Investors are captivated with the Nashville’s growth as they are being priced out of larger gateway markets – seeking better risk adjusted yields in favored secondary markets. The Nashville industrial markets continue to benefit from a consumption zone of 38 million, which will continue to drive e-commerce tenants to middle Tennessee.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

​​​​​

Contact

Bridgette  Bonner, Senior Communication Specialist
Bridgette Deese
Corporate Communications, Southeast
+1 404 5045961
Amanda Piatt, Marketing Specialist
Amanda Piatt
Senior Marketing Specialist
+1 615 2485948
+1 615 2554610
  • Corporate Information
  • Corporate Responsibility
  • Case Studies
  • Media Center
  • About Us
  • Careers
  • People and Offices
  • Global Leadership
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Policy
  • Sitemap
  • Terms of Use
  • United States Privacy Policy
  • Our Response to SCHREMS II
  • Twitter
  • Facebook
  • LinkedIn