Americans looking for work are looking in the mid-state.
Tennessee is gaining more workers than most other states because of relatively low living costs, no income tax, and attractive business environments, according to the National Association of Realtors.
According to their report Job Relocation Trends and the Impact on Local Real Estate Markets , Tennessee has the third-largest net job migration of workers in the country. The state with the largest was Virginia. Texas came in second. Tennessee also has a high share of inbound job moves (54.4%) highlighting how attractive the state is to professionals.
“When you look at the diversity of employment opportunities, you have the medical industry. You have tech that’s really starting to grow. You have manufacturing and education,” said Kevin Wilson, President of Greater Nashville Realtors.
As professionals relocate and more companies, like Amazon, demand their employees to return to the office full-time, the commercial real estate market is also affected.