The Tennessee market is primarily driven by the strong job market and population growth in the state, particularly in Nashville and the surrounding areas. The multifamily market in Tennessee is expected to remain strong and continue to grow in the coming years.
Based on 84% of the capital invested in Tennessee multifamily assets originating from out of state and a 60% Avg $/Unit increase due to this extra activity, Tennessee is a good market to invest in. To get this information in a one-page summary, click here.