One of the steadiest commercial real estate markets today? That’d be Nashville, where the demand for industrial space and new multifamily developments continues to soar. It’s also where retailers are evolving, meeting the changing demands of consumers, and where healthcare providers are opening new medical centers and clinics away from the campuses of large hospitals.
Yes, Nashville’s CRE has survived COVID and continues to thrive even as the worry of rising interest rates throws up yet another challenge.
This was the backdrop of Midwest Real Estate News’ third annual Nashville Commercial Real Estate Summit held July 20 at the Renaissance Nashville Hotel.
The biggest names in Nashville’s CRE industry attended the big event to hear speakers’ thoughts on interest rates, inflation, COVID and the country’s insatiable demand for warehouse space. Speakers also discussed the newest commercial developments hitting the city and the future of the Nashville office market.
The multifamily market remains hot in Nashville, especially in the high-end space. Speaking about this strong sector were Matthew Robinson, MRP Realty; Kyle Verhasselt, Origin Investments; Vincent Lefler, Newmark; Lisa Gunderson, Bristol Development Group; John Cannon, Pinnacle Financial Partners; and Brian Truman, SVN|Accel Commercial Real Estate.
Jason Breden, McShane Construction; Joseph Watson, Waller; Martha Weidman, NINE dot ARTS; Kelly Cathey, Gensler; Kerri Davis, Fortress Technology Solutions; and Joseph Harrell, manager, Kastle Systems all spoke on the Design, Construction & Property Management Trends in Multifamily panel.
Industrial remains sizzling in Nashville. So does the seniors housing market. And the office and retail sectors? They are facing their challenges but also showing positives signs, according to the speakers on the Nashville Market Update Panel. Sitting on this panel were Warren Smith, Avison Young; Jamari Brown, Newmark; Jenna Muller, Cushman & Wakefield; William Shell, JLL; Steve Preston, CBRE; and Scott Andrews, NAI Nashville Staton Group.
