Nashville has adopted, and Chattanooga is in the process of adopting, Form-Based Code. Form-Based Code is a form of land use regulation that focuses more on the aesthetics of communities and well-balanced uses rather than on micromanaging the legal uses. Michelangelo, I believe, would have given his stamp of approval. … [Read more...]
Price Trends for Office Space in Nashville, TN
This morning I'm working on an appraisal of a multistory office building in the West End area of Nashville, Tennessee. One indispensable tool for evaluating the market for office buildings is to create a trend line using actual sales in the area. Here's a trend line showing the per-square-foot price for office buildings in the Nashville area since … [Read more...]
City of Opportunity: Nashville
A defining trait of a good commercial appraiser is an awareness of and ability to interpret trends. We pay attention to the top growing cities, understanding that it all can change. A city that has certainly come into our radar is Nashville, Tennessee. There are many reasons why Nashville is worth investing in, but here are our favorite three. … [Read more...]