Knoxville is a city in Tennessee state and the administrative center of the Knox county. With a population of almost 180 thousand citizens, it is the third-largest city in Tennessee. Knoxville has seen healthy growth within the last several years, which brought new residents and businesses there. Yet, a real economic boom has happened after the arrival of the railway. Modern Knoxville is regarded as one of the most popular places to live and work in. Many positive things are happening in the city’s commercial real estate market. Although it hasn’t seen any huge spikes, it is still defined by steady growth. According to the latest surveys, industrial, office, and retail space rental fees, as well as the take-up activities, have been on the rise since 2015. All in all, the overall Knoxville’s commercial real estate stock shows excellent performance with low vacancy rates. Numerous renovation projects regularly take place in the downtown neighborhood; the other districts of the city also offer significant investment opportunities. The other trend which drives the growth of demand for commercial property in Knoxville is the thriving economy of the city. The area has managed to join the list of top 25 US cities for job growth. So, entrepreneurs and firms are not afraid of investing in the workspace, renting it for longer terms. In other words, they are more confident in the successful future of their business.
