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Retail Guru Discusses Nashville Market Outlooks

NASHVILLE-Retail real estate guru David Baker tells GlobeSt.com that Nashville's diversified economy is helping the city bounce back from the retail doldrums.

By Jennifer LeClaire | Updated on January 23, 2011

NASHVILLE-Nashville’s retail scene has had its fair share of doom and gloom over the past couple of years. There was an exodus of big box stories, including the shuttering of Circuit City, Linens ‘n Things and Goody’s. But Nashville has turned the corner.

Indeed, the vacancy rate for third quarter 2010 was only 7.49%, according to Exceligent’s market trends report. Most of the big box vacancies have been filled, except for a couple of locations in older, less desirable areas. The market has seen little new construction, so the vacancies are tightening up for spaces of all sizes. As vacancies decrease, rental rates are starting to increase.

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