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.

Office p Tennessee

Cushman & Wakefield infographic: Office, industrial markets both sizzling in the third quarter

Both the office and industrial markets across the United States -- and in the Midwest -- are on the rebound, with the industrial sector performing especially well. How well? Consider the infographic below supplied by Cushman & Wakefield. The infographic charts the absorption and vacancy rates of the office and industrial markets across the country in the third quarter of the year. As you can see, several Midwest markets, including Chicago, Memphis, and Cincinnati, are seeing strong absorption figures in both office and industrial.

CRE p Tennessee
Suburbs or city? In the Midwest the suburbs win in Chicago, the city in Cincinnati or Memphis

Suburbs or city? In the Midwest the suburbs win in Chicago, the city in Cincinnati or Memphis

People increasingly want to live in the hearts of big cities, right? It makes sense to live where you work. Getting to your job is easier. You'll be less stressed if you can avoid sitting on crowded highways every day. And big cities offer plenty of entertainment options, green space and restaurants today. But what if you'd prefer to live in the suburbs? What if you prefer big houses, large lawns and quiet streets to the excitement of urban living?