Few Concessions In Nashville Apartment Market
When a boom weakens, one of the first signs is landlords offering concessions (think of them as canaries in the mine). So far there are a few concessions in the Nashville apartment market, says Champion Real Estate partner Parker Champion, an active investor in the property type here.
LA-based Champion, Parker tells us, is "aware and concerned about the amount of new product being delivered to the [Nashville] market. The influx of people continues to be strong, but even so we're starting to see concessions rear its head." He adds that Champion is still a buyer in Nashville. "We are, if possible, even more focused on micro locations. We want to make sure if the market turns, we're at the location where those who are still looking to rent want to live."
