It has been a busy third quarter for Nashville commercial real estate sales, according to the latest report by Chas. Hawkins Co. Inc./CORFAC International. Commercial real estate sales activity is at the highest level since 2007.
“There were 104 transactions totaling $414 million in Davidson County for the quarter. Both are the highest totals Nashville has seen in the third quarter since 2007.
The dollar volume represents a 212 percent increase over the same period last year, which saw $132 million in sales.
A $323 million chunk of the sales volume was from twelve deals (seven multi-family transactions totaling over $200 million, three retail closings totaling over $37 million and two hotel sales totaling over $65 million).
In terms of activity, there were 37 percent more transactions during the quarter than the same period last year. However, the quarter was 18 percent off the number of transactions in 2007 and 50 percent off 2006.”