TN - Knoxville / East Tennessee
TX - Austin
DEMOGRAPHICS
Knoxville, TN
1,857
702,994
297,456
$64,861
307,125
6.4%
Coldwell Banker Commercial
Wallace & Wallace, Realtors
124 N. Winston Rd.
Knoxville, TN 37919
(865) 690-1111
www.cbcww.com
CONTACT
OFFICE
Vacancy
Q
Absorption
P
Rental Rates
N
INDUSTRIAL
Vacancy
N
Absorption
N
Rental Rates
Q
MARKET HIGHLIGHTS
•;Costco has purchased 21 acres
in West Knoxville (Farragut) for
$5,500,000.
•;Vacancy rates seem to have
stabilized in all sectors as the
economy starts to improve.
•;A Publix/Wal-Mart development
has been announced on a
site next to the campus of the
University of Tennessee.
•;The residential market is still
declining but seems to be
stabilizing. Number of units sold
and volume is down, but not as
sharply as a year ago.
•;Retail development seems
to be the strongest segment
with at least 5 developments
already underway or recently
announced.
•;Knoxville has been ranked 9th
in Forbes’ 2011 “Best Cities for
Jobs.”
RETAIL
Vacancy
Q
Absorption
P
Rental Rates
Q
MULTI-FAMILY
Vacancy
Q
Absorption
P
Rental Rates
P
DEMOGRAPHICS
Austin-Round
Rock, TX
4,224
1,730,983
665,762
$74,027
622,577
6.3%
Coldwell Banker Commercial
United, Realtors
2121 Sage Rd., Suite 150
Houston, TX 77056
(713) 840-5000
www.cbcunitedrealtors.com
CONTACT
OFFICE
Vacancy
Q
Absorption
P
Rental Rates
P
INDUSTRIAL
Vacancy
Q
Absorption
P
45 Rental Rates
Q
MARKET HIGHLIGHTS
•;A pair of buyers acquired
three buildings, totaling
approximately 508,112 SF, in
two separate transactions for
approximately $95 million.
•;A 1,026-bed student housing
community, located just one
block from the University
of Texas, was acquired in
December 2011 for $86.2
million.
•;The Industrial market is
increasing its footing in stable
territory. Absorption improved
significantly with 465,975 SF in
the fourth quarter 2011.
•;Fourth quarter 2011 marked ten
quarters in a row of positive net
absorption for Austin’s Office
leasing market, ending the
fourth quarter with 275,900 SF
of positive net absorption.
•;Forecasted job growth in
2012 leads to expectations of
plunging apartment vacancies
and rising rental rates.
•;Another residential tower is
planned for downtown Austin.
The 23-story, 320-unit complex
will include “significant” Retail
space.
RETAIL
Vacancy
Q
Absorption
P
Rental Rates
N
MULTI-FAMILY
Vacancy
Q
Absorption
P
Rental Rates
P
