Market Conditions 2011 — Rivergate/Hendersonville

Deliveries, Absorption & Vacancy

Vacant Space

Quoted Rental Rates

Office Breakdown

Next week: West End

Also in this series: Metro Center, Green Hills, Downtown, Cool Springs, Brentwood, Airport North & South

Nashville CRE Week in Review: Week of Oct. 16

Nashville CRE Links

1. Hendersonville apartment complex sells for $33 million — Nashville Business Journal (link)
2. Major office developments planned for The Gulch — Nashville Post (link)
3. Murfreesboro planners approve proposed Amazon warehouse — Daily News Journal (link)
4. O’Charley’s nets $105 million in sale-leaseback of 50 properties — Nashville Business Journal (link)
5. Spectrum plans spec office building in Cool Springs — Nashville Business Journal (link)

Nashville Total Office Market Statistics

Last week we started our series detailing the the Nashville area office market. This week, we bring you a market overview.

Nashville consists of eight office submarkets.

1. Airport North & South
2. Brentwood
3. Cool Springs
4. Downtown
5. Green Hills / Music Row
6. MetroCenter
7. Rivergate / Hendersonville
8. West End

Here’s the breakdown, submarket by submarket:

Check back next week for a more detailed description of the Airport North & South market.

Windham Professionals

You may have seen the news that Windham Professionals is building a new regional headquarters in Hendersonville’s Indian Lake development, but you probably didn’t know that Southeast Venture is architect on the project.

The project is a 24,000-square-foot call center. The building is a one-story, steel frame with brick and stucco exterior, and is expected to achieve LEED certification.

Windham Elevation Rendering

It will house 350 phone operators and corporate staff, and create about 100 new jobs.