Welcome to beautiful Spring Hill, Tennessee, one of the fastest growing suburbs in the state. Located about 30 miles south of Nashville, straddling Middle Tennessee’s Williamson and Maury Counties, lies this easily accessible and lovable town.
Spring Hill’s popularity as a residential real estate destination has exploded since 2000. In the last 7 years, the city’s population has more than tripled, and now totals about 23,500, with a median age of only 30.2 years. Since 1990, the population has increased an incredible 1600%. A massive housing boom has accompanied the rise in population, and Spring Hill now boasts a large number of appealing new home developments, especially on the northern end of town in Williamson County. The city is home to several important corporations, including General Motors’ Saturn automobile manufacturing plant. Additionally, Spring Hill has become a major retail destination for residents of the surrounding communities.
The General Motors Saturn Corporation is not the only major company that’s taken an interest in Spring Hill. As commercial real estate continues to grow in this thriving community, the number of 1031 exchanges in the town continues to rise in tandem. Although current available commercial space may seem limited, the area is poised for remarkable growth, especially with the addition of a new retail center anchored by Kohl’s and SuperTarget. Keep an eye on this burgeoning market and watch what happens to commercial real estate in Spring Hill by 2009!
Office Space in Spring Hill, TN
Despite record residential market growth in Spring Hill, the town is surprisingly sparse in terms of available Class A and B office space. With a maximum existing building of just 38,000 square feet and the largest proposed building expected to be 90,000 square feet, the area is prime for commercial development. Otherwise, Spring Hill is on t he verge of becoming just another bedroom community, as most residents make the manageable commute into Cool Springs every weekday.
Here at Corporate Realty Advisors, we keep a close eye on market trends and we made carefully thought-out predictions about local markets. It’s out job to stay abreast of current trends and happenings, and we are keeping a close eye on Spring Hill’s commercial market. Look for a big push into office development, but probably not for several years. With the recent explosion in residential growth, the retail sector is primed to follow suit, and office buildings will follow soon after that. Now is the time for a buy-and-hold strategy, while vacant land remains remarkably affordable and prime sites are plentiful.
Other Spring Hill Commercial Investments
With the ongoing residential growth and influx of new residents that Spring Hill has experienced of late, you might be tempted to invest in the residential market in this delightful Tennessee town. And if you are looking for residential property in Spring Hill, you’re in good company, because Realty Executives Fine Homes, sold more than $340 million in Nashville real estate last year. Residential development continues to grow, and is rapidly reaching its maturity.
Right now, retail investment and commercial property is the up-and-coming hotspot in this Middle Tennessee jewel. Corporate Realty Advisors is keeping a close watch on commercial land sales and retail development in the town, as we have been completely responsible for filling the Kroger anchored Power Center in northern Spring Hill.
The need for retail centers will grow to keep pace with the population explosion, and the town is in dire need of additional restaurants (both national/international chains and local outlets). Now is the time to invest in this ultra-hot Nashville commercial submarkets, and we are keeping our clients abreast of the many budding opportunities in Spring Hill. Looking for commercial real estate in Spring Hill? Call the experts of Corporate Realty Advisors to find the very best deals.