2013 Nashville Downtown Partnership Annual Meeting & Awards Luncheon Presentation

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2013 Nashville Downtown Partnership Annual Meeting & Awards Luncheon Presentation

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“To make downtown Nashville the compelling urban center in the

Southeast in which toLIVE, WORK, PLAY and INVEST.”

LIVE DowntownIn 2013, 7,286 people

do!

2013 Residential Inventory

• 4,554 housing units• 51% purchase

– 2,095 condos– 209 single family

homes

• 49% rental– 2,250 apartments

• 7,286 residents

Downtown Residential

Sales

Jan- June 2013 130 closings Jan- June 2012 123 closings Jan- June 2011 99 closings

Availability Downtown

No developer-owned units--

only 72 re-sales available

(3+-month supply)

HIGH-RISE SALES PRICES UP

Rental Demand Soars!

Highest ever rental occupancy–98% in 2012 and 20132,250 rental units now; 475 under construction and 1,124 planned

TODAY IN THE GULCH

900 rental units577 condos

312 rental units under construction

Downtown Market

AnalysisCan absorb

another3,500 residential

units by 2017

Today: 4,554 units

+ 475 under construction

+ 1,124 planned

• YTD 49 new retail businesses have opened or announced

• 32 food establishments• 16 shopping options• 1 music and nightlife

•2012 retail openings: 52

Retail Growth in 2013

New Retail 2013

Johnny Cash Museum

Vincent Peach

Bettie Page Clothing

New Restaurants 2013

191 Downtown

Dining Options

Downtown Amenities17 coffee shops11 massage therapy11 barbers, hair salons, nails9 fitness centers/dance studios8 bakeries

5 ice cream/yogurt shops4 post offices3 florists2 urban grocery stores1 urgent care center

7.5 million square feet commercial office inventory downtown

Mid-year 2013 Class A office vacancy: 7.7%

Recent studies indicate

downtown could absorb another 500,000 SF of

office space over the

next 5 years

50,335 Downtown Employees and

Growing!

UBS Tower in 2014

1,000+ new jobs

Asurion: 500 jobs

came downtown in

late 2012

ServiceSource:

tied for 9th largest downtown employer

in 2012

Sony/ATV Music Publishing moving downtown with 200 new jobs!

Record $153 million sale to Highwood

Properties

Strong Investor Interest

andBuilding Sales

Historic Trolley Barns at Rolling Mill Hill

Work Spaces for Nonprofits, Entrepreneurs

Downtown Employee Appreciation Week

91% of employees

say working downtown

is FUN!

LP Field Park and Ride

Option forEmployees

2010-2012: average of 14,221

monthly riders on 3 routes

Free weekday parking; $25 for monthly shuttle

passes

Best Ever Event Parking

(BEEP)• Free parking at LP

Field Lot R for Bridgestone Arena events, optional $3 per person round trip shuttle service

• Over 330 events since 2010, free parking for 45,000 vehicles

• 60% of the passengers choose the shuttle option

Bike Share, Car Share and

Free Circulator, MTA’s Music City Circuit

195 Nashville B-cycles at 21

kiosks within3 miles of downtown

As of August 31, 18,810

memberships(17,872 daily)

January-August, 201329,166 trips or bike checkouts

6,547,760 calories burned155,509 pounds carbon offset

Let’s take your company logo

for a spin!

Invest in this healthy

transportation option—Sponsor

In 2013, 541 hanging flower baskets on downtown streets

Downtown Clean TeamJanuary- August, 2013

•Removed 70,850 pounds of trash and 11,106 square feet of graffiti• Power washed 636 block faces and 882 alleys

2,038 miles logged on Segways Jan-Aug 2013

Hospitality Ambassadors offer

visitors guidebooks, maps and printouts

of directions, coupons

Photo : The Funky Umbrella

Bridgestone Arena

7th in Pollstar’s Top 10 for U.S. Concert

AttendanceMarch, 2013– 2nd busiest month in

arena’s history with 329,002 guests

Hosting 2014 NCAA Women’s Final Four

Platinum LEED Status for Bridge Building

1st in Tennessee4th greenest building

worldwide

INVEST

Spotlight on

SoBro

Proposed West Bank Park at Thermal Site

2013 Board of Directors

“To make downtown Nashville the compelling urban center in the

Southeast in which to LIVE, WORK, PLAY and INVEST.”

2013 Lead Sponsor

2013 Lead Sponsor

2013 Lead Sponsor

2013 Associate Sponsors

2013 Associate Sponsors

2013 Associate Sponsors

2013 Associate Sponsors

2013 Associate Sponsors

2013 Associate Sponsors

2013 In-Kind Sponsor

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