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.

Multifamily p Tennessee
Apartment rents reach another all-time high

Apartment rents reach another all-time high

Apartment living isn't getting any cheaper, with the amount that renters are paying each month in rent rising yet again in May. The most recent Yardi Matrix multifamily report said that the nationwide average apartment rent rose $10 in May to $1,204. That is an all-time high for apartment rents.

Industrial p Tennessee

Panattoni Development Company breaks into Memphis market

Panattoni Development Company, Inc. along with its partners William Adair and the William Adair Family Trust have signed a 677,160-square-foot lease with Post Consumer Brands in their recently completed speculative building at Panattoni’s Gateway Global Logistics Center (GGLC) in Marshall County, Mississippi, a submarket of the greater Memphis industrial market.

CRE p Tennessee
More than 230 commercial pros celebrate good CRE news at Midwest Real Estate News' Nashville Commercial Real Estate Summit

More than 230 commercial pros celebrate good CRE news at Midwest Real Estate News' Nashville Commercial Real Estate Summit

More than 230 of the top players in the commercial real estate industry attended Midwest Real Estate News’ first Nashville Commercial Real Estate Summit at the Omni Nashville Hotel last week. And these industry pros shared plenty of good news about the Nashville CRE market. According to presenters, every asset class in this market is showing growth, with vacancies down, asking rents up and construction on the rise.