There is scarce industrial availability in Chattanooga, at about 1.9 percent. The limited options have kept vacancies tight, around 1.9 percent, well below its historical average. Though the Volkswagen Chattanooga Assembly Plant opened in 2011, industrial demand has been booming in the last several years. The assembly plant has helped expand automotive supplier presence for years, with several companies expanding or relocating to the area. Volkswagen built another property in 2017, which has fueled additional employment and economic growth in the region. The low costs of business, a growing labor force, and easy access to larger logistics markets, like Nashville and Atlanta, have attracted many manufacturing and logistics companies. Most of the industrial demand stems from companies looking to serve the local population, suppliers, and smaller firms looking for manufacturing or distribution space.
Category: Industrial Tags: Chattanooga, Industrial, Q4 2021
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