Tennessee Cities Are Dominating The List of Emerging Tech Metros

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.