More Accolades for Nashville

[jmtunafish]

As reported by Bloomberg, LinkedIn analyzed ZIP code changes among its 174 million members between April and October to determine which cities are attracting more residents during Covid.  The biggest winners:

1. Austin
2. Phoenix
3. Nashville
4. Tampa
5. Jacksonville
6. Charlotte
7. Dallas
8. Denver
9. Charleston SC
10. Seattle

The biggest losers:

1. Hartford
2. New York City
3. San Francisco
4. Chicago
5. Cleveland
6. Norfolk
7. Boston
8. Detroit
9. Cincinnati
10. Pittsburgh

https://www.bloomberg.com/news/articles/2020-12-14/best-us-cities-to-move-to-during-covid-where-and-why-americans-are-relocating

[markhollin]

The Nashville Predators were named to the "Best Employers in Sports" list by Front Office Sports. They are one of 25 companies and organizations in the sports industry setting new standards for company leadership and are excelling in employee relations.It is the 2nd straight year the Preds have been on the list. 

More at NBJ here:

https://www.bizjournals.com/nashville/news/2020/12/16/atlanta-hawks-peach-front-office-best-employee.html

[markhollin]

Nashville ranked #6 city in America for inbound growth for 2020 by Updater.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2020/12/22/updaters-top-20-cities-for-inbound-migration.html?cx_testId=40&cx_testVariant=cx_34&cx_artPos=3#cxrecs_s

[MLBrumby]

More from the WSJ about the flood of people moving to Williamson County from outside Tennessee.

https://www.wsj.com/articles/families-flock-to-the-nashville-suburbs-for-good-schools-low-taxes-and-some-southern-charm-11608220851?mod=searchresults_pos5&page=1

[markhollin]

Smart Asset has published a survey to find metros where small business sentiment is more positive as business expectations were depressed nationwide.

SmartAsset looked at four metrics among the 50 largest metros in the U.S. Those metrics include percentage of small businesses that are operating at normal levels; percentage of small businesses that do not expect a return to normal levels of operations within six months or ever; percentage of small businesses looking to hire new employees; and percentage of small businesses with three or more months of cash on hand.

Metro Nashville ranked 10th on the list, with 30.1% of companies having at least three months of cash on hand and 29.4% of companies operating at normal levels. The area fell close to the middle of the pack in terms of small businesses that don’t foresee returning to normal operating levels in six months or ever at 52.2%. Approximately a quarter of small businesses in the area are looking to hire new employees.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2020/12/29/study-top-metros-with-small-biz-optimism-nashville.html

[MLBrumby]

Remarkable to me that Atlanta always used to be right at the top of such lists. Not even in the top 10 now.  Things have changed so much with the business climate in Georgia. 

[markhollin]

Nashville is ranked #10 in the nation for new apartment construction in 2020 according to RealPage, Inc. , ranking ahead of Atlanta and Charlotte, among others.

As of October, supply in the market had increased by about 5,500 units in 2020, with another 11,000 units in the pipeline.

And, according to the CoStar, downtown Nashville has increased its apartment inventory by more than 500% since 2010. 

More at NBJ here:

https://www.bizjournals.com/nashville/news/2020/12/30/apartment-construction-nashville-new-starts.html?cx_testId=40&cx_testVariant=cx_34&cx_artPos=1#cxrecs_s

   

 

[nashvylle]

@markhollin does the article say how rents have managed over the past few years? IE have they remained steady, increased, decreased any? 

[markhollin]

10 minutes ago, nashvylle said:

@markhollin does the article say how rents have managed over the past few years? IE have they remained steady, increased, decreased any? 

I don't. have access to the source article.  Sorry.  

[markhollin]

United Van Lines released its annual migration study today,  revealing that 64% of the moves the company handled in the region last year involved households arriving into the area. The other 36% of moves involved households leaving the region. That influx ranked Nashville ninth among the metro areas with the highest percentage of inbound activity.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/01/04/united-van-lines-migration-study-nashville.html?cx_testId=40&cx_testVariant=cx_34&cx_artPos=0#cxrecs_s

[markhollin]

Nashville comes in at #27 on Travel & Leisure's "Top 50 Places to Visit in 2021" list.

https://www.travelandleisure.com/trip-ideas/best-places-to-travel-in-2021

 

[ruraljuror]

23 minutes ago, markhollin said:

Nashville comes in at #27 on Travel & Leisure's "Top 50 Places to Visit in 2021" list.

https://www.travelandleisure.com/trip-ideas/best-places-to-travel-in-2021

 

Thanks Mark!

Just to clarify - the list is alphabetized, so it's not a ranking. "Nas" just happens to fall in the 27th position, but there's only like 15 or so cities on the list and we're in pretty good company. 

[markhollin]

Franklin makes Money Magazine's "50 Best Places to Live" list for 2nd straight year:

https://money.com/collection/best-places-to-live-2020/5699373/franklin-tennessee-2020/

[jmtunafish]

SmartAsset analyzed some data to determine what places in the country are the best for small businesses.  They looked at the percentage of people who own a small business, how much money is made through small businesses, and the amount of taxes paid by small businesses.  While nowhere in Tennessee was ranked in the top 10 in the country, the map shows that Tennessee as a whole is very friendly to small businesses.

Within Tennessee, Williamson and Davidson counties scored 1-2.

To me, this shows that while the big announcements of business relocations and expansions are sexy, it's our small businesses that deserve a lot of credit for our area's growth and prosperity.  (Side note:  I'm particularly pleased to see how well the counties in the Upper Cumberland are doing, particularly my adopted home of Putnam County which has seen a huge increase in small businesses these last few years.)

https://smartasset.com/checking-account/savings-calculator#tennessee/small-business-index

Edited January 7, 2021 by jmtunafish

[Armacing]

6 hours ago, jmtunafish said:

To me, this shows that while the big announcements of business relocations and expansions are sexy, it's our small businesses that deserve a lot of credit for our area's growth and prosperity. 

100% agree and thank you for posting this data.   One obvious thing that stands out is the dark blue states mostly lack a state income tax (WA, NV, WY, SD, TX, TN, FL, NH).  It is such a huge advantage for Tennessee over all the surrounding states and it definitely factors in to relocation decisions ranging from large corporations all the way down to individual retirees.  

[markhollin]

Nashville area home sales continue to boom, with December sales up 22% over the same month in 2019.  Average home price was $345,000, up from $324,00 a year before.  Condos are $269,900, up from 245,000 in 2019.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/01/08/greater-nashville-home-sales-dec-2020.html?cx_testId=40&cx_testVariant=cx_34&cx_artPos=1#cxrecs_s

[MLBrumby]

Nashville Grand Hyatt named Best New Hotel by USA Today Readers poll. From the NBJ: https://www.bizjournals.com/nashville/news/2021/01/08/grand-hyatt-nashville-best-new-hotel-usa-today.html

[jmtunafish]

Bankrate.com has listed Nashville among "America's Best Places to Live in 2021."  They used the following metrics:  cost of living, salaries, health, employment, safety, education, migration.

https://www.bankrate.com/real-estate/best-places-to-live/us/

[jmtunafish]

U-Haul released its list of cities and states with the most in-bound moves, and Tennessee came in at #1 for the first time ever.  Last year, Tennessee was 12th.  Besides the usual suspects of Nashville, Clarksville, and Murfreesboro, other Tennessee cities with the highest growth are Knoxville, the Tri Cities, Cookeville, Cleveland, and Maryville.  

https://myuhaulstory.com/2021/01/04/uhaul-names-top-50-growth-states-2020/

 

[markhollin]

Nashville ranks #3 on Zillow's Hottest Housing Markets for 2021 list, behind Austin and Phoenix.

https://www.zillow.com/research/zillow-hottest-markets-2021-28667/

[markhollin]

Nashville ranked #15 among the best cities from which to work at home in 2021 according to SmartAsset.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/01/28/report-nashville-among-best-cities-for-wfh.html?cx_testId=40&cx_testVariant=cx_34&cx_artPos=0#cxrecs_s

 

[markhollin]

K&L Gates, a huge international law firm with 45 offices on 5 continents, is opening an office with 25 lawyers  in Nashville.  Hope to pick their permanent location soon.

K&L was attracted to Nashville because of its booming tech sector, deep talent pool of lawyers and mammoth health care industry.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2021/02/03/k-l-gates-opens-office-in-music-city.html

[markhollin]

Area home sales rose 4% in January over the same month in 2020.  Average home price was $344,92 (up from 305,950 a year ago), and average condo price was 247,750 (up from $239,00 a year ago). 

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/development/article/21145896/area-home-sales-rise-4

[markhollin]

Nashville metro ranked #8 out of 400 markets in the Milken Institute's Best Performing Cities index for 2021. 

https://milkeninstitute.org/reports/best-performing-cities-2021
 

[Flatrock]

From Roofstock.com : the small, medium and large U.S. cities with the fastest selling houses. Guess who came in at #1? If you're trying to buy a home in the Nashville MSA right now - and it feels a wee bit competitive, you're not wrong. Clarksville was #8 in small metros.

https://learn.roofstock.com/blog/homes-selling-fastest

Edited February 21, 2021 by Flatrock
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