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Nashville Tech Space Rent Growth One Of Country's Fastest
The Nashville skyline
Nashville CBD rent growth has been very strong compared with other major tech submarkets nationwide. Rents were up over 23% from Q2 2014 to Q2 2016, according to CBRE’s 2016 Tech-Thirty report, a figure only topped by University City in Philly, Oakland/East End in Pittsburgh, East Cambridge in Massachusetts and Tempe, AZ.
Other takeaways in the report about Nashville's tech industry: overwhelming demand in the market means office development has to cater to tech companies by providing a creative environment; competition for tech talent is a persistent theme in workplace strategies. Also, Nashville's many universities are providing a young, diverse talent pool for companies that want to relocate here or expand.
