Q2 2023 Knoxville Market Report

The latest market report for Knoxville is now available. Here are some of the highlights:

• The vacancy rate for the industrial market in Metro Knoxville continues to remain the lowest in the southeast region at 0.8%. Owners are capitalizing on the tight market and are raising rents at a brisk pace.
• Office demand has been rising over the last two years, but overall still remains muted. One key reason is the lack of development in recent years
• Knoxville’s retail market continues to see a low vacancy rate. The demolition of the 996,000 SF Knoxville enter back in 21Q2 has been a big factor
• The multifamily market report indicates a tight vacancy rate continues for 2023, but there is a shift happening and some of the earlier record setting 2021 figures have begun to subside.

Click on the image below to download the report: