NAI Charter

National industrial rents have risen by 6.9% year-over-year, averaging $8.27 per square foot. Chattanooga’s industrial rents are above the national average, coming in at $8.75 - $13.53. Miami is in the lead and the Midwest is below national average. https://ow.ly/rVJF50Vawhj #CRE #CRENews #Chattanooga

Christopher "Pher" Moore of NAI Charter successfully represented the owner in the sale of 2,505 SF at 312 Vine Street. Congratulations to all parties involved in this successful transaction! #NAICharter #CommercialRealEstate #Sold #RealEstateSuccess #ChattanoogaRealEstate

As $500 billion in commercial real estate loans approach maturity in 2025, approximately 14% are underwater, with asset values falling below outstanding loan balances. Older industrial properties are particularly vulnerable to obsolescence, facing higher maintenance costs and reduced demand. These challenges present significant opportunities for brokers specializing in distressed asset management. Staying informed is crucial. https://ow.ly/Alt950Vav77 #CRE #CRENews #Chattanooga

The Department of Commerce has allocated $210 million to six U.S. cities, fueling innovation in industries like biotech, aerospace, and semiconductors. This initiative will have a significant impact on local commercial real estate, driving growth and attracting high-demand sectors. Stay ahead of trends - opportunities in commercial real estate may be on the rise. https://ow.ly/i4KE50Vav2z #CRE #CRENews #Chattanooga

We are pleased to announce that NAI Charter has been recognized as a Top Firm of 2024 by the CoStar PowerBroker Awards! Congratulations to David DeVaney, SIOR, CCIM, and Frazier DeVaney for being named Top Office Leasing Brokers, and to David DeVaney for earning the title of Top Industrial Leasing Broker! This achievement reflects our team's dedication, expertise, and commitment to delivering exceptional client results. Thank you to our partners, clients, and community for your continued trust and support! #NAICharter #CoStarPowerBroker #TopFirm2024 #RealEstateExcellence #OfficeLeasing #IndustrialLeasing #ChattanoogaRealEstate

We are happy to share that Frazier DeVaney, Vice President of NAI Charter, successfully represented the landlord in leasing 2,268 SF at 1132 E Main Street! This marks another successful collaboration in meeting our clients' needs. We're proud to support the growth of local businesses and the continued development of our community. #NAICharter #CRE #Leasing #ChattanoogaCRE

As housing affordability remains a challenge, the demand for self-storage is expected to rise in 2025. Economic factors like rising rents and increased mobility make the self-storage sector an appealing opportunity for investors. Brokers should be aware of the growing potential in both urban and suburban markets, as this trend is shaping up to be a key area of focus for commercial real estate. Learn more: https://lnkd.in/eAwjNgwz #CRE #CRENews #Chattanooga #selfstorage

Congratulations to our NAI Charter colleagues Chad Wamack, Christopher “Pher” Moore, Bryan Rudisill, David DeVaney, and Frazier DeVaney for winning the 2024 Q4 Powerbroker Quarterly Deals award! Industrial Leasing David DeVaney, SIOR, CCIM Bryan Rudisill, SIOR Chad Wamack, SIOR Office Leasing Frazier DeVaney Christopher "Pher" Moore For more information on the awards, visit https://ow.ly/R1oP50V61Zf #Chattanooga #CoStar #Powerbroker #IndustrialCRE #OfficeCRE

The opportunity zone program — the tax break for businesses investing in economically distressed communities — may soon undergo significant expansion. This could create new investment opportunities and further community revitalization efforts. Stay informed on how this impacts the CRE landscape. Learn more: https://lnkd.in/dteEBd5g #CRE #CRENews #Chattanooga

Neighborhood shopping centers are making a strong comeback, fueled by high occupancy rates and a shift toward local and experiential retail. Learn more: https://ow.ly/mO8P50USCVS #CRE #CRENews #Chattanooga