Latest Shift in Atlanta’s Industrial Landscape: Mid-Sized Deals are All the Rage

While retail and office have had to adjust to a COVID-19 world, industrial has been the beneficiary. E-commerce, supply chain and last mile delivery are all the rage. But what has really gotten economic development leaders, elected officials and the media excited are the massive warehouse deals in cities like Atlanta that have created headlines and driven investor capital to industrial.Atlanta didn’t even truly get into the big-box industrial development game until 2004. From 1960 to 2006 …

April 5, 2021Georgia, Industrial, Market Reports, Southeast, Southeast Market Reports

Nashville Retail Market’s Investment Sales, Leasing Activity Defy Pandemic Impact

In spite of national trends, news of spiking default rates and a prediction of a national decline in retail tenancy, the middle Tennessee region appears to be emerging in equal (or better) condition from one of the most unusual years in history.Prior to the government-mandated shutdowns last year, retail activity in Nashville was at a fever pitch. A decade of year-over-year population and economic growth created a strong seller’s and landlord’s market, with no end in sight. The …

April 5, 2021Market Reports, Restaurant, Retail, Southeast, Southeast Market Reports, Tennessee

Multifamily Investors Await Clarity on Nashville’s Economic Recovery

Owners and buyers remain apart on pricing. Unlike some densely populated urban areas where the extent of the damage to local commercial real estate operations is unknown, the gap in Nashville persists due to uncertainty regarding the upside potential rather than downside risks. Owners are hesitant to list properties because the metro remains a safe portion of their portfolios. If this disconnect persists, pricing will return to pre-recession levels before many other areas of the country.In …

March 29, 2021Affordable Housing, Market Reports, Multifamily, Seniors Housing, Southeast, Southeast Market Reports, Student Housing, Tennessee

Nashville’s Office Pipeline Remains Robust to House Relocating, Expanding Firms

In addition to the COVID-19 pandemic in 2020, Nashville weathered tornadoes that traveled through its core in the first quarter and a bomb explosion on 2nd Avenue North in the fourth quarter. Both catastrophes destroyed commercial properties.Despite these events last year, the fundamentals that make Nashville a strong office market remain unchanged. Nashville stays a magnet for corporate relocations, most recently attracting multiple companies from California. According to the Nashville …

March 22, 2021Market Reports, Office, Southeast, Southeast Market Reports, Tennessee

Nashville Shifts in Location, Size to Support its Red-Hot Industrial Market

“When you’re hot, you’re hot.” These old lyrics from Jerry Reed ring loud and clear these days for industrial real estate in Nashville and Middle Tennessee. Over the past five years, Nashville has been on a tear with industrial activity. At the start of 2021, Nashville appears to be pushing the fast forward button, even with COVID-19.There is a growing list of buyers, developers and users looking to enter the Nashville industrial market at unprecedented levels. With that said, can …

March 15, 2021Industrial, Market Reports, Southeast, Southeast Market Reports, Tennessee

Triangle’s Apartment Demand Pushes to the Region’s Suburban Markets

The impacts of COVID-19 on the U.S. multifamily market vary significantly across metro areas. Not surprisingly, the nation’s denser gateway markets have been hardest hit, while secondary and tertiary markets have fared better.[caption id="attachment_286490" align="alignleft" width="100"] Emily Bostic, Avison Young[/caption]In a reversal of pre-pandemic trends, suburban locations have gained favor over urban submarkets from both renters and investors. As many employees continue to …

March 8, 2021Affordable Housing, Market Reports, Multifamily, North Carolina, Seniors Housing, Southeast, Southeast Market Reports, Student Housing

Raleigh-Durham Retail Bolstered By Grocery Growth, Offsetting Store Closures

This time last year, we were commenting on the changing retail market, but we were overall very optimistic about 2020. What a difference a year makes!Across the United States, 2020 brought us the closing of the following: 279 SteinMart stores; 1,100 Ann Taylor stores; 950 Pier 1 Imports stores; 350 Gap stores; 248 GNC stores; 145 A.C. Moore stores; 230 Tuesday Morning stores; and 178 Forever 21 stores. Additionally, Macy’s closed 29 stores in 2020 and expects to close another 45 in 2021. …

March 1, 2021Market Reports, North Carolina, Restaurant, Retail, Southeast, Southeast Market Reports

Raleigh-Durham Office Market Remains Stable, Life Sciences Actively Leasing Space

The Raleigh-Durham commercial real estate market continues to be one of growth and perseverance despite the global pandemic. Its economy is rich with an array of industries, healthcare and university systems that support population growth and expansion. Commercial real estate is experiencing its own challenges and opportunities through this pandemic, including one of the most talked about asset classes, office. The sector is the subject of the big “pause” discussion as there’s uncertainty …

February 22, 2021Market Reports, North Carolina, Office, Southeast, Southeast Market Reports

D.C. Area’s Industrial Market Reports Strong Health Despite Pandemic

Nearly three full quarters into the COVID-19 pandemic, no real estate asset class in the Washington, D.C., metro area has shown less macro-level distress than the industrial market. In fact, the industrial market may have actually benefited from the pandemic.Despite the immediate drop in demand and activity that resulted in the second quarter, the metro industrial market has bounced back and posted positive gains in both leasing activity and new construction. No other asset class can claim …

February 15, 2021District of Columbia, Industrial, Market Reports, Southeast, Southeast Market Reports

D.C.’s Multifamily Market is Poised for a Quicker Than Average Bounce Back in 2021

Like many other markets across the country, the Washington, D.C., multifamily market was hit hard by the COVID-19 pandemic. Vacancy is up and asking rents are down. However, Washington’s unique renter class, made up heavily of students and young professionals, and the region’s main economic drivers will fuel a quick post-COVID-19 recovery. As we close out 2020, multifamily investors have reason to remain confident in a quick bounceback in 2021.Once the virus hit, many offices switched …

February 8, 2021District of Columbia, Market Reports, Multifamily, Southeast, Southeast Market Reports