Compass Real Estate Advisors recently provided site selection and lease negotiation services to nonprofit Both Hands.  The mission of Both Hands is to fulfill James 1:27 by serving orphans, widows, and Christian adoptive families.  For more information about Both Hands, go to https://bothhands.org/

Compass recently conducted site selection and lease negotiation for the Nashville area office of Voom Medical Devices.  Voom is a human-forward medical device company that creates innovative products and methods for surgeons performing bone surgery.  For more information on Voom, go to https://www.voommedicaldevices.com/

As of January 2024, rates are steady and vacancy is slightly higher than Q4 2023:

• 56 buildings with available space 1,000—4,999 Sq. Ft.
• 44 buildings with available space 5,000—9,999 Sq. Ft.
• 25 buildings with available space 10,000—19,999 Sq. Ft.
• 19 buildings with available space 20,000 Sq. Ft. or greater

Farm Bureau Insurance recently signed a lease for space in Millington, TN to open a new branch sales office.  Compass Real Estate Advisors represented Farm Bureau with their lease negotiations.  For more info on Farm Bureau Insurance, go to https://www.fbitn.com/?gclid=EAIaIQobChMItIDnl4yhggMVKnFMCh0B7gBmEAAYASAAEgLz7vD_BwE

As of October 2023:

• 57 buildings with available space 1,000—4,999 Sq. Ft.
• 40 buildings with available space 5,000—9,999 Sq. Ft.
• 24 buildings with available space 10,000—19,999 Sq. Ft.
• 18 buildings with available space 20,000 Sq. Ft. or greater

Historically most office space available in this submarket ever.  Lease rates are level.