Grantland - Nashville Commercial Real Estate

Continued growth and a healthy economy make Music City the perfect place for real estate developers to weather the storm.

If there's any one particular city that's poised to withstand the current real estate crisis, that city is Nashville, TN. To look at the flurry of commercial real estate development sweeping across Nashville, one might suppose there was no economic recession at all. Despite downturns elsewhere, Davidson County continues to receive and approve building permits for commercial real estate developers to begin multifamily development projects, office building renovations, and more. On the last day of February 2008, for instance, the county awarded a permit for the construction of a $6.2 million project on Belmont Circle, as well as several multifamily units around the city. Regardless of the downturns elsewhere, investors and developers continue to demonstrate great faith in the Nashville market, and Business Outlook has named Nashville the second most recession-proof city in the nation.