Nashville Commercial Real Estate

Doubtful. Consumer spending has been high in Nashville for a while (too long) and so has the money pouring in from tourists. It will slow down assuming we enter into a recession in the next two years or so, I would bet at least a few of the trendy things that have only came to be in Nashville in the last 5 years will fail, because they were built on top of a strong economy and a wave of consumer spending. Shooting for any sort of development in Nashville is risky as depending on the project timeline it could work, but if the impending recession comes sooner than expected it will more than likely be a bust.

I talked with the President of the Tennessee division of a strong Southern regional bank recently, and he shared my thoughts as well. He basically told me he has been in Nashville 30+ years, and what we have right now is without a doubt a bubble. And, the logical time for it to pop is whenever the next recession begins.

Basically IMO you are late to the party in Nashville, all the cool people are already leaving or on their way out the door. The people left inside still think it's the greatest party they've ever been to, mostly because it's the only party they've ever been to; and little do they know, the cops have been called and they're in the mood to make some arrests.