Strong demand driving local commercial market


East Tennessee’s strong commercial real estate market got the attention of the News Sentinel on Friday, in a story that focused on NAI Knoxville’s 3rd Quarter market report.

Brian Tapp, a retail specialist with NAI, cited the high demand for spaces on Kingston Pike, which is driving up prices and driving down vacancy rates.

“Everyone wants to go on Kingston pike, and it’s so expensive, you end up seeing a lot of mattress and cell stores because they can pay the rent,” Tapp said. “That’s why you get (shopping centers) like Kingston Corner off Kingston and Cedar Bluff where you’re close and prices are a little better.”

The full report can be found here.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s