BY the Centennial Team
You’ve heard us rave about Nashville and its bustling outer burbs. And what’s not to love? Nashville’s popularity is growing by the minute. Retail, office, mixed-use, commercial and residential markets have seen unyielding success in recent years. In fact, the Wall Street Journal has dubbed Nashville the biggest and best job market in the country (https://www.wsj.com/articles/sunbelt-cities-nashville-and-austin-are-nations-hottest-job-markets-5a454a53). Major corporations are finding home in Nashville, bringing with them countless jobs and a welcome boost to the economy. You’d be hard-pressed to find another major tourist city that’s just as enjoyable to inhabit 365 days a year. Nashville checks all the boxes for us.
But what about the rest of our great state?
Chattanooga: Home to some of the best outdoor sporting opportunities you’ll find. If mountain climbing, hang gliding, and river rafting are your speed, you’ve hit the jackpot.
Knoxville: More than just a college town, Knoxville is a hidden gem for foodies. It maintains a thriving restaurant scene and is a great food festival destination.
Memphis: A lucrative tourist town that’s also incredibly family-friendly. And if it’s a desirable place to for families to settle down, it’s a home run for businesses looking to plant roots.
Honorable Mention: Not to be underestimated, some of the smaller markets are growing like crazy. Keep an eye on Crossville, Clarksville, Greenville, Cookeville, and several other -villes. They’re making their way up the list of best places to live and work in the state.
Drivable Market Mindset
Nashville may be our local market, but we have transactions in every corner of the state in a given year. We make this happen by taking advantage of the city’s central location and the state’s driveability. With the exception of rush hour traffic, every major city in Tennessee can be reached from Nashville in 3 hours or less. Our clients understand that limiting themselves to just the local market can be a missed opportunity. When they view the entire state of Tennessee as the market, we can take them wherever they want to go.
Driving markets is a deliberate endeavor and requires a balanced strategy. It’s crucial to know what’s going on in surrounding markets while maintaining expertise on your own. How do we make it happen?
As a Nashville-based brokerage, we’re always on the lookout for tenants who want to enter the Nashville market and ultimately pursue a statewide expansion. Local economies are diversifying and growing exponentially. High-net-worth individuals are moving to Tennessee daily. Whether you’re looking to pursue urban markets, more suburban, or a mix of the two, the time is now to start driving markets and reaping the benefits.
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