A new report released by River City Company reveals that Chattanooga’s downtown is thriving, outpacing national averages in multiple areas.
The semi-annual report compiles information across office, hospitality, residential, retail, and commercial sectors within the River City Company footprint of downtown Chattanooga.
Downtown Chattanooga is experiencing an increase in retail and commercial usage. Within the last year, 23 new businesses opened from the Southside to the Northshore, which is more than closed or relocated. Downtown Chattanooga boasts a 2.7% vacancy rate of available retail properties versus the 4.1% rate nationally, as reported by commercial real estate firm JLL…