More Accolades for Nashville

[markhollin]

Nashville is once again ranked Number 1 in the nation for overall real estate prospects by the Urban Land Institute. This is the first time in over a decade that a city has been chosen in the op spot two years running.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/10/27/uli-nashville-top-real-estate-market-to-watch-2023.html

[markhollin]

Cadre, a leading technology-driven real estate investment manager, today announced its annual selection of top U.S. Commercial Real Estate (CRE) investment markets. Nashville came in Top 7 for Office; Top 9 for Industrial, and Top 15 for Multifamily. Overall, that makes Nashville one of the Top 3 in the nation when combining all categories.

https://www.businesswire.com/news/home/20221027005337/en/Charlotte-Raleigh-and-Nashville-Featured-on-Cadre’s-Annual-List-of-Most-Valuable-Places-to-Invest-in-Commercial-Real-Estate

[markhollin]

Tennessee is ranked #3 in the U.S. in "Best States to Succeed in Business" by Harrington Group International:

https://hgint.com/best-and-worst-states-to-succeed-in-business/

[markhollin]

Murfreesboro ranks #3 nationally in growth according to SmartAsset. It earned that rank for its five-year increase in housing units (31.47%) and population growth (31.72%). The study, which examined data from the 500 largest cities in the country, also found that workers in the city had also seen a 41.95% increase in income in the same period.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/12/02/boomtown-murfreesboro-growth-nationally-smartasset.html

[markhollin]

The Nashville Metro region saw a 5.9-percent increase in nonfarm payroll employment from October 2021 to October 2022, the fifth largest jump among nearly 300 regions around the country, according to a new report from the federal Bureau of Labor Statistics.

The increase represents nearly 64,000 added jobs. Nashville’s leisure and hospitality industry saw the biggest gains, at 15.3 percent, while the “information” sector (including tech) saw a 1.1-percent decrease year-over-year as job growth in that industry reversed after registering double-digit gains earlier in 2022.

More behind the Nashville Post paywall here:

https://www.nashvillepost.com/business/technology/nashville-in-top-five-for-job-growth/article_8b732c92-7664-11ed-ab27-0741c6fb00c2.html

[markhollin]

The Nashville region's economy expanded at more than double the national rate in 2021, according to newly released government data.

The gross domestic product figures — the value of all goods and services produced — are the latest gauge of the region's snapback from the recession induced by the onset of the Covid-19 pandemic.

All 13 counties in the metro area posted GDP growth in 2021, led by Davidson County's 13.8% increase. Four other counties posted double-digit percent growth.

The region's GDP totaled more than $136.25 billion in 2021, recovering what was lost during the earlier part of the pandemic and adding $11.5 billion onto that, for growth of 12%. That rate is more than double the 5.7% growth in the nation's real GDP (adjusted for inflation).

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/12/09/nashville-msa-region-gdp-job-growth.html

[jmtunafish]

23 hours ago, markhollin said:

The Nashville region's economy expanded at more than double the national rate in 2021, according to newly released government data.

The gross domestic product figures — the value of all goods and services produced — are the latest gauge of the region's snapback from the recession induced by the onset of the Covid-19 pandemic.

All 13 counties in the metro area posted GDP growth in 2021, led by Davidson County's 13.8% increase. Four other counties posted double-digit percent growth.

The region's GDP totaled more than $136.25 billion in 2021, recovering what was lost during the earlier part of the pandemic and adding $11.5 billion onto that, for growth of 12%. That rate is more than double the 5.7% growth in the nation's real GDP (adjusted for inflation).

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/12/09/nashville-msa-region-gdp-job-growth.html

In the last 10 years Nashville's GDP has surpassed several larger MSAs including Indianapolis, Sacramento, Las Vegas, Cleveland, Kansas City, and Columbus.   Essentially, the fastest-growing GDPs have been the SF Bay area, Austin, Raleigh, Seattle, and Nashville.

The 42 metro areas with GDPs of $100 billion+ and their 10-year growth:

Metro Area-----GDP 2011--GDP 2021-10 Year Growth
1 New York----------$1,312---$1,992---+51.8%
2 Los Angeles-------$742-----$1,124---+51.4%
3 Chicago -----------$542-----$764-----+40.9%
4 San Francisco-----$329----$668----+103.0%
5 Washington-------$438----$607------+38.5%
6 Dallas--------------$359----$598------+66.5%
7 Houston-----------$382-----$537-----+40.5%
8 Boston-------------$341----$531------+55.7%
9 Seattle-------------$251----$479------+90.8%
10 Philadelphia------$351----$477------+35.8%
11 Atlanta-----------$281----$473------+68.3%
12 Miami-------------$254----$417------+64.1%
13 San Jose---------$184----$410-----+122.8%
14 Phoenix-----------$185----$316------+70.8%
15 Minneapolis------$202----$296------+46.5%
16 Detroit------------$202----$283-----+40.0%
17 San Diego--------$173----$267-----+54.3%
18 Denver-----------$147----$253------+72.1%
19 Baltimore---------$158----$222-----+40.5%
20 Riverside---------$128----$213-----+66.4%
21 Charlotte---------$119----$207-----+73.9%
22 Austin-------------$95----$193----+103.1%
23 Tampa------------$117----$190-----+62.3%
24 St Louis----------$142----$187-----+27.4%
25 Portland----------$115----$186-----+61.7%
26 Cincinnati--------$111----$171-----+54.0%
27 Pittsburgh--------$121----$168-----+38.8%
28 Orlando-----------$95-----$167-----+75.7%
29 Nashville----------$88-----$163-----+85.2%
30 Indianapolis------$112---$162-----+44.6%
31 Sacramento------$100---$160----+60.0%
32 Columbus---------$95----$154-----+62.1%
33 Kansas City-------$103---$154----+49.5%
34 Cleveland---------$107---$147----+37.3%
35 San Antonio------$88-----$144-----+63.6%
36 Las Vegas---------$88-----$136-----+54.5%
37 Salt Lake City-----$66----$118-----+78.0%
38 Milwaukee---------$84----$111-----+32.1%
39 Raleigh------------$56---$108-----+92.8%
40 Virginia Beach----$83----$107----+28.9%
41 Hartford-----------$83----$107----+28.9%
42 Jacksonville-------$58----$101----+74.1%

https://www.bea.gov/news/2022/gross-domestic-product-county-2021

[applebees615]

Nashville is the best performing Multifamily Market for Q3 of 2022, despite the first decrease of absorption in 20 years.

https://www.linkedin.com/posts/berkadia_berkadia-q3-best-performing-markets-activity-7003816783761530880-Fc8J?utm_source=share&utm_medium=member_ios


Sent from my iPhone using Tapatalk

[markhollin]

Nashville's industrial vacancy rate is the lowest (1.2%) among markets nationwide according to CommecialEdge.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/12/21/industrial-vacancy-rate-nashville-commercial-edge.html

[markhollin]

Tennessee is the 7th fastest growing state in numeric growth between July 2021 and July 2022:

1. Texas - 470,708
2. Florida - 416,754
3. North Carolina - 133,088
4. Georgia - 124,847
5. Arizona - 94,320
6. South Carolina - 89,368
7. Tennessee - 82,988
8. Washington - 45,041
9. Utah - 41,687
10. Idaho - 34,719

After a historically low rate of change in 2020 and 2021, the U.S. population increased by 1,256,003 to 333,287,557 in 2022.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2022/12/29/tennessee-fastest-growing-states-us-census-bureau.html

[markhollin]

Nashville is #3 in the Nation among top 100 cities with the most green space according to LawnLove.  They compared the cities based on the number of parks, total acreage, and average yard size, among five total factors.

https://lawnlove.com/blog/cities-with-most-green-space/?utm_source=Sailthru&utm_medium=email&utm_campaign=NASH_01.05.2023_JAN&utm_term=NASHtoday: Subscribers - MASTER
 

[andywildman]

3 hours ago, markhollin said:

Nashville is #3 in the Nation among top 100 cities with the most green space according to LawnLove.  They compared the cities based on the number of parks, total acreage, and average yard size, among five total factors.

https://lawnlove.com/blog/cities-with-most-green-space/?utm_source=Sailthru&utm_medium=email&utm_campaign=NASH_01.05.2023_JAN&utm_term=NASHtoday: Subscribers - MASTER
 

We made that list by being #2 in "highest average yard square footage" ... which feels like winning the wrong way. I'd prefer to be on the list for large public park space, rather than large yards restricting the number of neighbors we can build homes for in our neighborhoods.

[dmillsphoto]

3 hours ago, markhollin said:

Nashville is #3 in the Nation among top 100 cities with the most green space according to LawnLove.  They compared the cities based on the number of parks, total acreage, and average yard size, among five total factors.

https://lawnlove.com/blog/cities-with-most-green-space/?utm_source=Sailthru&utm_medium=email&utm_campaign=NASH_01.05.2023_JAN&utm_term=NASHtoday: Subscribers - MASTER
 

What an absolute folly of a list. Whoever published that should be embarrassed, and their definition of "green space" should be mocked publicly.

[BnaBreaker]

4 hours ago, dmillsphoto said:

What an absolute folly of a list. Whoever published that should be embarrassed, and their definition of "green space" should be mocked publicly.

Agreed.  And the fact that NYC still places on a list that factors in average yard size (LOL) actually speaks volumes about the quality and quantity of it's public green spaces.  

[markhollin]

Nashville ranked #10 Most Stable U.S. Housing Market among major metros in U.S. for 2023 according to Construction Coverage:

https://constructioncoverage.com/research/the-most-stable-housing-markets-2023

[markhollin]

Nashville area is ranked the 5th hottest housing market for 2023 in the nation according to Zillow.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2023/01/12/nashville-housing-market-zillow-opendoor-2023.html

[markhollin]

Nashville set another annual tourism record in 2022 with 9.5 million hotel room nights sold, with October having the highest single month at 935,778.  Oct. was also the highest hotel tax collections in a month at $12.86 million, up from the previous record $12.17 million in June.

Around 14.4 million visitors came to Nashville in 2022, up 13% over 2021, and generated a record $8.8 billion in visitor spending.

Hotel demand in 2023 is expected to grow 10% over 2022, according to STR and Tourism Economics, with 15 million projected visitors. Visitor spending is expected to be up 5% over 2022, at $9.3 billion.

Nashville has a full hotel development pipeline, with 15 hotels and 2,567 rooms to open by the end of 2024 and 43 more planned hotels.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2023/01/18/nashville-tourism-breaks-records-in-2022-forecast.html

[markhollin]

Commercial real estate investors rank Nashville #5 for new investment for 2023 according to CBRE.

More at NBJ here:

https://www.bizjournals.com/nashville/news/2023/01/24/cbre-survey.html

[Armacing]

Here is an interesting ranking of cities (albeit one of questionable scientific rigor) that places Memphis at #14 dirtiest for living conditions and gives Murfreesboro the #1 worst spot for "dirty infrastructure" - whatever that means:

https://www.lawnstarter.com/blog/studies/dirtiest-cities-in-united-states/#rankings

[smeagolsfree]

Even with their methodology, it is still very subjective. The consumer satisfaction part of the survey is subjective in itself as is the share of home with pest. That can be a good thing or a bad thing as people are taking care of the pest they have or not if pest are going unreported.

All of these lists are so stupid anymore it is not even funny. Even crime stats can be misconstrued. A certain area of a city can skyrocket a city's crime stats to make it look as if the entire city is dangerous as hell or the news media can influence the perception that a city is out of control when the crime is in fact not as bad as it appears per capita. 

 

 

[shanky]

3 hours ago, smeagolsfree said:

Even with their methodology, it is still very subjective. The consumer satisfaction part of the survey is subjective in itself as is the share of home with pest. That can be a good thing or a bad thing as people are taking care of the pest they have or not if pest are going unreported.

All of these lists are so stupid anymore it is not even funny. Even crime stats can be misconstrued. A certain area of a city can skyrocket a city's crime stats to make it look as if the entire city is dangerous as hell or the news media can influence the perception that a city is out of control when the crime is in fact not as bad as it appears per capita. 

 

 

Propaganda 101 -  You can prove anything with statistics

[The Guardian of Memphis]

On 1/26/2023 at 5:24 PM, Armacing said:

Here is an interesting ranking of cities (albeit one of questionable scientific rigor) that places Memphis at #14 dirtiest for living conditions and gives Murfreesboro the #1 worst spot for "dirty infrastructure" - whatever that means:

https://www.lawnstarter.com/blog/studies/dirtiest-cities-in-united-states/#rankings

Memphis is #25, M-Boro is in the 100s per the link. Our sidewalks are not that great, that’s a pet peeve of mine. Don’t know what the point was of pointing out where Memphis is on the list. My neighborhood is fairly clean and I don’t live in the richest part of town either. 

[smeagolsfree]

10 hours ago, The Guardian of Memphis said:

Memphis is #25, M-Boro is in the 100s per the link. Our sidewalks are not that great, that’s a pet peeve of mine. Don’t know what the point was of pointing out where Memphis is on the list. My neighborhood is fairly clean and I don’t live in the richest part of town either. 

As I stated on one of the previous posts regarding this list, all of these lists are subjective along with their methodology. It also seems as if everyone always wants to put Memphis on their Sh** list for some odd reason or another. The fact that Murfreesboro is on there is sort of crazy too. I am surprised cities like Camdon New Jersey didn't make the list along with Flint MI or Jackson MS. Another thing I do not understand is the connect on the list with Lawn Starter and lawn care locations and the other recent studies they have done which makes me think this is nothing more than click bait.

see below: My fav is best cities for Pumkin lovers!

• 2023’s Best Cities for Cheese Lovers
• 2023’s Best Cities to Walk Your Dog
• 2023’s Best Cities for Ice Skating
• 2022’s Most Festive Cities
• 2023’s Best States at Managing Waste
• 2023’s Best Cities to Live Without a Car
• 2023’s Best Cities for Veterans
• 2023’s Best Cities for Fast Food Lovers
• 2023’s Best States to Live Off the Grid
• 2022’s Best Cities for Pumpkin Lovers

[LOOOP-Y]

38 minutes ago, smeagolsfree said:

As I stated on one of the previous posts regarding this list, all of these lists are subjective along with their methodology. It also seems as if everyone always wants to put Memphis on their Sh** list for some odd reason or another. The fact that Murfreesboro is on there is sort of crazy too. I am surprised cities like Camdon New Jersey didn't make the list along with Flint MI or Jackson MS. Another thing I do not understand is the connect on the list with Lawn Starter and lawn care locations and the other recent studies they have done which makes me think this is nothing more than click bait.

see below: My fav is best cities for Pumkin lovers!

• 2023’s Best Cities for Cheese Lovers
• 2023’s Best Cities to Walk Your Dog
• 2023’s Best Cities for Ice Skating
• 2022’s Most Festive Cities
• 2023’s Best States at Managing Waste
• 2023’s Best Cities to Live Without a Car
• 2023’s Best Cities for Veterans
• 2023’s Best Cities for Fast Food Lovers
• 2023’s Best States to Live Off the Grid
• 2022’s Best Cities for Pumpkin Lovers

You know, I have read a lot of internet nonsense over the years but these take the cake as the most complete and total whoppers of fabricated click bait I've ever seen. My favorite is most festive cities. Just look at those ranked higher than Nashville. No disrespect to ANYONE in those cities....but commmme onnnnn. Not that I had any respect for LawnStarter before but, now? Wow.   

[smeagolsfree]

I just had to make sure they didn't have Miami on the list for "Best cities for Ice skating!" Yep, the next one will probably be the best city for your dog to eat cheese or your cat to drink wine.