NASHVILLE, Tenn. (AP) - Construction has returned to the Interstate 65 corridor south of Nashville, the region's most popular location for corporate offices.
The question that remains unanswered is whether Nashville's commercial real estate industry has shaken off the lingering effects of the recession and is ready to create new corporate addresses in other areas of the city. According to The Nashville Ledger, developers have announced projects in most of those areas but have been waiting for the economy to improve.
Tom Frye of CB Richard Ellis' Nashville office predicts another reasonably healthy year for the commercial real estate industry but expects everyone to be cautious about building speculative office space which is constructed before it is taken by tenants. That was common before the economic downturn but has not been seen lately.
(Copyright 2012 by The Associated Press. All Rights Reserved.)