Latest news

May Tri-Cities Commercial Activity Flat; Inventory Builds

By Don Fenley / June 12, 2026

The Tri-Cities commercial real estate market closed 146 transactions in May. That was two fewer than the same month last year. So far this year, the region has logged 643…

Johnson City Retail Space Remains Landlord-Tight

By Don Fenley / June 3, 2026

The Johnson City metro area remains one of the tightest commercial retail space markets around. The metro area’s vacancy rate is holding at 2.4%, which is well under half of…

Kingsport-Bristol Apartment Market Cools Off

By Don Fenley / June 2, 2026

The apartment market in Kingsport-Bristol is on a similar track to what’s happening in the Johnson City metro area. After years of higher rents and increasing demand, the market is…

Johnson City Apartment Rents Cool

By Don Fenley / June 1, 2026

Johnson City is  a healthy market, but it is no longer the standout it was. Multifamily vacancies have increased to 6.1% from 3.6% this time last year. The metro is…

Kingsport-Bristol retail stays tight even as space comes back

By Don Fenley / June 1, 2026

So far this year, Kingsport-Bristol retail vacancy held at 4.0%, up from 2.4% a year earlier but still below the national rate. Rents kept rising 2.5%, and a surge in…

Johnson City office market stays tight as the nation digs out

By Don Fenley / May 31, 2026

Office vacancy in the Johnson City MSA held at 2.3% so far this year. It’s roughly 15 percentage points below the national rate. The local market never fell into the…

Tri-Cities Multifamily Market Cools: Vacancy Up

By Don Fenley / April 14, 2026

The Tri-Cities multifamily market posted a mixed fourth quarter in 2025, with rent growth decelerating sharply and vacancy rates rising in both metro areas tracked by the National Association of…

Commercial Real Estate Transactions Slip in Q1 as Land Deals Cool

By Don Fenley / April 9, 2026

Commercial real estate transactions declined 4.6% in the first quarter of 2026 compared to the same period a year earlier. A pullback in land and industrial deals drove most of…

January Commercial Real Estate Activity Reflects Stabilization

By Don Fenley / February 10, 2026

January 2026 commercial real estate transactions show the Tri-Cities market is transitioning from post-pandemic expansion to a more balanced, disciplined phase. The market is stabilizing at a higher post-pandemic baseline.…

Tri-Cities Commercial Real Estate: 2025 a Year of Discipline

By Don Fenley / January 10, 2026

After the surge in activity that defined 2024, the Tri-Cities commercial real estate market entered 2025 in a noticeably different posture. Transaction volume cooled, but the slowdown was not symptomatic…