Commercial Properties Tennessee Guides & Tips For Better Properties

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Trends regarding Commercial Properties Tennessee

The commercial real estate investment business is known for providing high incoming streams. However, some general trends should be considered before making any commercial investment.

Offices

The CBRE states that due to the COVID-19 pandemic, the demand for offices is expected to fall by 15 %, especially in Tennessee, New York, and California. However, there is some positive news, by the end of 2021, 87 % of the companies are expected to return to the office.

Retail Stores

Retail stores have been severely impacted by the pandemic, and many of them went bankrupt in 2020. Moreover, the situation might worsen as experts predict that more retail stores will go towards permanent closure as consumers move to online shopping.

Retail stores in states such as Tennessee or big cities such as New York can be replaced by healthcare and other alternative stores in the future.

Hotels

Currently, the hotel sector is struggling, and things might not go back to normal before 2023, and it could take even longer than that. Hotels in populated cities and states are struggling the most right now.

Commercial Property for Sale near Me

There are some good commercial properties on sale in Tennessee, and some of them are as follows:

26,367 Square Foot Office, 1300 Salem Road, Cookeville, TN (Cap Rate: 6.90 %) ($ 2,475,000)

This is a single-tenant building that is situated in the Southern region of Cookeville. This building is in a mission-critical location.

2599 Square Foot Office, 216 19th Avenue N, Nashville, TN ($ 1,250,000)

This building was built in 1910; it is situated in a primetime location and is in a redevelopment area. Two hospitals are also located close to the office space.

0.46-1.44 AC Commercial Lots, Grassy Greek Development Outparcels, Knoxville, TN ($ 460,000 – $ 8,968,000)

These are eleven lots of various sizes and are situated in a retail hub that is growing. Different varieties of pad sites are available for lease and sale.

Commercial Properties Management Companies in Tennessee

A commercial property management firm can be a great asset for an investor, as the property manager will provide the right guidance and make critical decisions. The good news is there are several commercial property management firms in Tennessee.

PMI Chattanooga: Specialize in property management in several states such as Ohio, Georgia, and Tennessee.
Chattanooga Property Management Is a full-service company and handles all aspects of the property.
Apex Property Management: This Company is a professional commercial properties management firm primarily active in Knoxville, TN, and adjoining areas.
PMI Clarksville: PMI Clarksville is dedicated to providing the best property-related services to customers. This firm aims to maximize the profitability of the investor and provide managers for commercial and residential properties.
Asset Real Management: Asset Real Management is a firm that serves the greater Knoxville area and is a full-service property management company. This firm deals with all types of properties, such as commercial and residential.
Compass Property Management: Compass Property Management provides residential and commercial property managers based in Mount Juliet, TN.
Metropolis Condominium Management INC: Metropolis Condominium has been in the industry for over 25 years and offers a broad range of services. This company is capable of catering to all the needs of the customer.

Tennessee Property Listings

Several commercial properties are for sale in Tennessee, from commercial land to retail shops. Below are the Tennessee property listings:

Commercial Properties Tennessee Guide