Russell Roberts Appraisals, Inc.

MAI Commercial Real Estate Appraisals | Indianapolis | Louisville | Nashville

270.872.5510
Careers
  • Home
  • About
  • Services
  • Qualifications
  • Testimonials
  • Blog
  • Contact

A Nod to Nashville: Gaining Recognition in the Commercial Real Estate Sector

December 13, 2016 By RussellRoberts Leave a Comment

A Nod to Nashville: Gaining Recognition in the Commercial Real Estate Sector

When you think about Nashville, Tennessee, you may think about bluegrass bands and southern hospitality. Yet the city has become a booming commercial industry market that is attracting people from all across the country. Major corporations in the healthcare, tourism, technology, and education industries are coaxing people from the larger cities across the country to come to Nashville for the work and educational opportunities that are available. Due to the increasing workforce, the city capital of Tennessee has seen a significant uptick in the commercial real estate market as businesses are also moving to the region to take advantage of the growing market potential.

Nashville is in the Top Ten Major Cities for Commercial Real Estate

The Emerging Trends in Real Estate 2016 Report from PricewaterhouseCoopers, a multinational accounting/consulting firm, took an in-depth look at the top commercial real estate markets across the United States. Ranking cities on a number of investor and real estate development factors, Nashville ranked 6th for having good overall real estate prospects in investment and development with a strong market outlook. Investment opportunities were scored a 3.67 out of 5 and development was 3.55 out of 5.

For a localized score in the commercial real estate market located in the South and Mid-Atlantic, Nashville, TN had a score of 4.07 out of 5, which shows that the area has a strong growth potential and demand outlook. This score came from local participants — such as investors, developers, and commercial businesses — who believe that Nashville has an improving real estate market due to a strong economy, local development, redevelopment opportunities, investor demand, capital availability, and other factors.

Nashville Commercial Real Estate Trends

The future commercial real estate outlook currently illustrates that Nashville, Tennessee has entered an upper-tier secondary market that is driving investor demands and creating more liquidity in the market. Businesses are finding the commercial real estate a viable and prosperous opportunity as they have the debt capital and equity capital available. However, there are still several caveats that the Emerging Trends in Real Estate 2016 report touched upon. The market in this region risks the chance of overbuilding.

Adding too much commercial real estate developments that are not in immediate demand may have an impact for industrial building types in the market. Another factor that investors and developers must take into consideration is the availability of land that is zoned appropriately for all types of commercial buildings. Luckily, with the increase of prices for building supplies, materials, and labor, the commercial market in the Nashville region may be able to keep at a steadily growing pace without overheating the real estate potential in this region. Furthermore, as touched upon in our previous blog, the Nashville area is embracing revitalizing and renovating old buildings, which assists with the overbuilding fear while still being cost-effective for some investors.

Nashville Needs

Nashville is a developing market that is gaining recognition in the commercial real estate world. With that said, be wary of making the mistakes of skipping your due diligence and by assuming that all areas are the same. That’s why a commercial appraiser is so essential, an appraiser can provide you with a clearer understanding about your real estate investment as we can provide you with our comprehensive appraisal services. We are here to help. Get started with a quick quote, or to get the appraisal process started, contact us. Our Senior Managing Director of our Nashville office, Vince Howell, MAI, who is our expert in the area will be happy to help. We look forward to hearing from you.

Filed Under: Tennessee MAI Commercial Appraisers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Property Types Appraised

  • Office Buildings
  • Industrial
  • Restaurants
  • Hotels
  • Shopping Centers
  • Churches
  • AND MORE!!

Russell worked with me as a commercial property appraiser for over 15 years. He is highly experienced in all types of commercial properties. Specifically, while working with me, he performed multiple appraisals of large and small apartment complexes, shopping centers, ranging from strip enters ...

Read more

Hugh Hogue, MAIPast President of the Mississippi Chapter of the Appraisal Institute
I have known Russell Roberts for over 30 years professionally and personally. He has been performing commercial appraisals for me in the banking industry since 1995. During this time, Russell has always provided appraisals to the bank in a timely and efficient manner. His ...

Read more

Timothy CourtneyCopiah Bank, Senior Vice President
Russell has chosen appraisal as the means to provide for his family. Appraisals are only as reliable as the judgment of the author, and I personally endorse Russell as a man of sound judgment. Russell joined my staff of commercial real estate appraisers in ...

Read more

Jack Poe, MAIJack Poe Incorporated, Dallas, TX
prev next
  • Home
  • About
  • Services
  • Qualifications
  • Testimonials
  • Blog
  • Contact
Careers

Qualified Commercial Appraisers

Russell Roberts, MAI

The MAI membership designation is held by professionals who can provide a wide range of services relating to all types of real property, such as providing opinions of value, evaluations, review, consulting and advice regarding investment decisions, among others. Property types may include commercial, industrial, agricultural, residential, vacant land and others.

Commercial Appraisal Office Locations

Elizabethtown, KY : Corporate Office

2600 Ring Road, Suite 105
Elizabethtown, KY 42701
(270) 872-5510
Email

Indianapolis, IN

49 Boone Village #278
Zionsville, Indiana 46077
(765) 532-5843

Lexington, KY

5755 McCowans Ferry Road
Versailles, KY 40383
(859) 221-7802

Nashville, TN

106 Mission Court, Suite. 604-A
Franklin, Tennessee 37067
(615) 495-9870

Copyright © 2018 Russell Roberts Appraisals, Inc.
Website Design and Digital Marketing by The Marketing Squad