Commercial real estate takes center stage

There is no doubt that May left a historic mark on the Greater Nashville real estate market. Residential sales reached an all-time high, and while it is easy to attribute that to Nashville’s robust and thriving economy, what is the true driver behind this dynamic market? Is it the influx of new home buyers, thriving small businesses, diverse flourishing industries or the relocation of massive corporations?

 

Simply put, the growth in the economy is coming from all the above. It is important to remember that the success of the real estate market is not in residential sales alone. Middle Tennessee has a robust commercial real estate industry, as well.

 

Commercial Real Estate is everywhere you look: your favorite coffee shop, industrial park, Broadway honky-tonk, and even the office where you work. When you hear the term Realtor, you most likely think of buying and selling homes; however, it is also essential to know where our small businesses and corporations find their homes and that is done with through a Commercial Realtor.

 

A Commercial Realtor specializes in commercial real estate, and while they might specialize in a different area, they are still bound by a strict Code of Ethics that all Realtors must follow.

 

Recently, Greater Nashville REALTORS® introduced a new service, the Greater Nashville Commercial Information Exchange (CIE). The Greater Nashville CIE is an affordable new way for commercial brokers and all members with commercial listings in the Greater Nashville market area to share and market their valuable property data – both locally and nationally. Our vendor, Catylist, powers the largest network of locally managed commercial listing services in the United States and Canada.

 

This new service launched June 1, 2019, at www.greaternashvillecie.com, connects commercial real estate professionals, owners, tenants and investors looking to buy, sell and lease properties throughout the Greater Nashville Area.

 

Greater Nashville REALTORS® is committed to ensuring that our members have the tools they need to serve our community. Whether a residential or commercial Realtor; all are committed to providing the best quality services to clients. If you are in the market for a home or commercial property, contact a Realtor. More than an app, your Realtor will work with you through your entire real estate transaction. That’s Who We “R,” Realtors.

 

If you are interested in learning more about the Greater Nashville Commercial Information Exchange, please email CIE@greaternashvillerealtors.org.

 

Andrew Terrell is president of Greater Nashville Realtors. A Realtor is a member of the National Association of Realtors who subscribes to its strict code of ethics. Contact Andrew at 615-497-6488 or aterrell@pilkerton.com.

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