Tennessee is residence to a variety of rising tech markets, with Nashville exhibiting a 190 foundation level decline in emptiness within the second quarter and Knoxville clocking in with a decline of 150 bps, based on an evaluation from Moody’s Analytics CRE.
The agency’s David Caputo and Thomas LaSalvia be aware that general, “rising tech market workplace emptiness continued their wonderful run of kind within the second quarter and vastly outperformed established tech markets,” with rising areas exhibiting a lower of an combination 20 foundation factors in Q2 whereas established ones elevated by 20 bps. The nationwide common elevated by 30 factors. And amongst these rising markets, cities within the Volunteer State had been massive standouts.
