Nashville, TN

Nashville continues to be a mixed market, with a decreasing unemployment rate caused by the $1 billion Nashville Yards & Avalon mixed-use project, but it should see a fight back from the recent downturns.

The Nashville Yards project will include two towers to accommodate Amazon’s new ‘Operation Hub of Excellence,’ which should see approximately 5000 jobs come to Nashville, creating demand for the decreasing residential sector. Other large projects include the Grand Hyatt Hotel, which is currently under construction, and the Marriott-branded ‘West End Element’ project, which recently secured project financing. These projects showcase a strong hospitality pipeline that is aiming to tackle sky-high hotel rates. The residential sector has seen an increase in applications and approvals, resulting in large investments in the area beyond just the aforementioned projects. A decrease in unemployment should see continued investment in the area creating demand, which should enable Nashville to maintain construction volume from previous years.

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