2017 East South Central Region Forecast

At 4.2%, the Nashville metro had one of the lowest suburban office vacancy rates in the nation, as tallied by CBRE Research for 2Q 2016. Its 11.9% downtown office vacancy rate was slightly higher than the national average of 10.3%. Interestingly, this region had three metros amongst the nation’s hottest housing markets, when measured by building permits per 1,000 residents — Huntsville and Auburn, Ala., Nashville, and Clarksville, Tenn.

Jim Lucy & Doug Chandler

Oct. 28, 2016

2 min read

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Alabama . Kentucky . Mississippi . Tennessee

Dodge Data & Analytics had six projects in this region valued at over $100 million — the $217.3 million Turnberry JW Marriott and $128.4 million SoBro 3 Marriott in Nashville; the $160 million Nissan factory and warehouse building in Smyrna, Tenn.; the $177.2 million Omni City Convention Center in Louisville, Ky.; and the $154 million SMP Automotive Systems project in Cottondale, Ala. Nashville has become an economic powerhouse in the residential market, and its 8,277 single-family and 5,568 multi-family starts year-to-date rank 8th and 9th in the nation respectively. At 4.2%, the Nashville metro had one of the lowest suburban office vacancy rates in the nation, as tallied by CBRE Research for 2Q 2016. Its 11.9% downtown office vacancy rate was slightly higher than the national average of 10.3%. Interestingly, this region had three metros amongst the nation’s hottest housing markets, when measured by building permits per 1,000 residents — Huntsville and Auburn, Ala., Nashville, and Clarksville, Tenn.

Key Economic Indicators

Need a quick read on the economic health of the key metros in this region? Just click on the region's largest Metropolitan Statistical Areas (MSAs) outlined in red. Once the pop-up window you can use the vertical scroll bar to see statistics on local Construction & Manufacturing Employment; building permits; unemployment and population growth.

East South Central Region Projects in the Pipeline

Want to seem or projects that are either underway or on the drawing boards in the East South Central Region? Just click on the markers in the map below. You can also zoom in on regions of interest or grab the map and move it for a better look at the areas you want.