Tennessee is home to a number of emerging tech markets, with Nashville showing a 190 basis point decline in vacancy in the second quarter and Knoxville clocking in with a decline of 150 bps, according to an analysis from Moody’s Analytics CRE.

The firm’s David Caputo and Thomas LaSalvia note that overall, “emerging tech market office vacancy continued their excellent run of form in the second quarter and vastly outperformed established tech markets,” with emerging locations showing a decrease of an aggregate 20 basis points in Q2 while established ones increased by 20 bps. The national average increased by 30 points.  And among those emerging markets, cities in the Volunteer State were big standouts.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Lynn Pollack

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.