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Local commercial real estate up 52%, good outlook for 2022

By Don Fenley / February 16, 2022

The Tri-Cities commercial real estate market kicked off the new year with a 52% increase in transactions as last year’s growing demand extended into the new year.  Cassie Petzoldt said…

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Local commercial real estate sales, leases at a new high

By Don Fenley / January 12, 2022

Local commercial real estate transactions ended 2021 at a decade high and are expected to perform well despite the prospects of higher interest rates.  Transactions from listings on the two…

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Local commercial real estate up 44.1%

By Don Fenley / December 14, 2021

November’s regional commercial real estate market continued its recovery momentum with a 44.1% increase over last year’s transaction performance. So far this year, all but one sector has surpassed market performance during the first 11 months…

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Local commercial real estate recovery gains momentum

By Don Fenley / November 11, 2021

The COVID-19 pandemic ravaged some commercial real estate sectors, but overall the market has bounced back. Investors have made a record number of local leases and sales so far this year.  “There were 43 transactions finalized in October. That…

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Commercial real estate continues above pre-pandemic performance

By Don Fenley / October 14, 2021

Commercial real estate (CRE) transactions hit a slump in September but it didn’t dent the local market’s momentum. So far this year, completed sales and leases are up 63.4%. The…

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Tri-Cities commercial real estate activity hits high point

By Don Fenley / September 13, 2021

 Tri-Cities commercial real estate had one of its best-ever months in August.  There were 64 commercial leases and sales, up 82.9 percent from last year. It’s also noteworthy that activity in the Commercial-Retail and…

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Local commercial real estate market heads for banner year

By Don Fenley / August 12, 2021

Commercial real estate scored another strong month in July with the Retail-Commercial and Office Sector accounting for almost half of all transactions. Transactions were up 96.6 percent from July last year, according to the Northeast Tennessee…

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Commercial real estate gains momentum despite June slump

By Don Fenley / July 12, 2021

The local commercial real estate (CRE) market continues gaining momentum despite a June transaction decline. The decline from May was the steepest drop in the past three years. But it is not representative of the mid-year trend.  Reasons vary, but most of the…

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Commercial real estate has best month so far this year

By Don Fenley / June 14, 2021

Tri-Cities commercial real estate posted its best month so far this year in May. There were 59 transactions. Last year there were 25.  So far this year there have been 226 transactions,…

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Local commercial real estate picks up momentum

By Don Fenley / May 11, 2021

Commercial real estate transactions were up 65 percent from last year in April.  Transactions have more than doubled during the past two months, with a notable April increase in the retail-commercial sector, according to the Northeast Tennessee Association…

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