Nashville Office Vacancies Up In Q1 — And Rents Are, Too
Nashville is challenging the typical paradigm of supply and demand, according to a Q1 2017 JLL report on the Nashville office market. Supply is outpacing demand, yet rent continues to grow.
Between Q4 '16 and Q1 '17, total vacancy in metro Nashville office increased 192 basis points, from 6.2% to 8.1%, according to JLL data. Even so, average asking rent so far in 2017 increased 218 bps, from $23.59 to $25.78.…
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This Trend In Office Real Estate Is 'About To Explode'
It was not long ago that co-working began taking the office sector by storm and baffling traditional office providers with its rapid rise in popularity, but there is a new disruptor in town: third-party non-core real estate providers.
These providers are offering temporary meeting space, conference rooms and event space to companies that would traditionally have leased or rented that space through their landlord. The goal is to offer employers a temporary solution on a need-by-need basis, giving office occupiers more flexibility to pursue cost-saving initiatives such as shrinking their square footage.
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Downtown Nashville Property Doubles In Price Since 2014
The recent sale of the 9,400 SF building at 327-329 Union St. in Nashville is not the largest investment deal in the city, but it is telling about how hot the investment market is.
Elite Wireless just paid $2.7M for the…
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QUIZ: How Prepared Are You For A Property Management Emergency?
The next emergency might be a fire, a flood or anything in between. The hallmark of a good property manager is not just knowing how to react to emergency situations, but being prepared for them.
Are you a fully prepped property manager? Take this quiz to find out! |
Nashville Medical Office Fund Snaps Up Arizona MOB
Montecito Medical, a national medical office investment fund based in Nashville, acquired the 35K SF Thunderbird Square Medical I at 13640 North 99th Ave. in Sun City, Ariz., for an unspecified price. The property is fully occupied by a mix…
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Mass. Court Rules Against Cushman & Wakefield In Age Discrimination Suit
The U.S. District Court for the District of Massachusetts awarded a former Cushman & Wakefield employee $1.28M on Friday in a lawsuit against his old company for wrongful termination based on age.
Yury Rinsky, now 65, was fired in July of 2015 after spending over a month in Boston working remotely while awaiting a permanent transfer to C&W's office there. A Massachusetts jury ruled that Cushman & Wakefield illegally fired him because of his age.
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We're Hiring A San Francisco Director Of Business Development!
One of Bisnow's top-performing sales markets needs some love. Do you know The Bay area? Will you hit the phones after getting hit by a cab on your first day, just like our last Director of Biz Dev did on his? More importantly, do you live and breathe sales, real estate, people and events? Perfect. Then you already know that Bisnow is the largest platform of commercial real estate news and events in North America.
Our goal: to continue to grow our global company, keep the party going and get you floor seats to see the Golden State Warriors. (Just kidding ... or ARE we?) We offer competitive compensation structures, full health benefits and unlimited vacation time.
Know anyone who's into that? We'll pay you a cool $5K if we hire your referral. Send that résumé to nicole.caracci@bisnow.com. |
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