CRE p Tennessee

Avison Young's Memphis office adds new VP

Avison Young has made several additions to its Memphis office, including the addition of commercial industry veteran Greg deWitt. Joining the company as vice president, deWitt specializes in tenant and landlord representation for office and industrial properties.

Multifamily p Tennessee
Average apartment sizes fall to 10-year low

Average apartment sizes fall to 10-year low

Developers continue to add modern multifamily units to cities across the Midwest. And these new units? They're getting smaller. According to RENTCafe, the average size of apartment units completed in 2016 has fallen to 934 square feet. That's the smallest average size for new-construction apartment units since 2006, when the average size stood at 1,015 square feet. Overall, the average size of all U.S. apartment units is 889 square feet, according to RENTCafe.