Nashville has long been identified as Music City, but recently the title is more deserved than ever. The area is attracting celebrities, artists, entertainers,and different music companies at record pace, helping to bolster the already robust economy and leading the charge of businesses that are flocking to fill offices downtown.
In 2013, for every 1,000 residents of Nashville, a staggering 7.8 had a job in the music industry. This dominates all other major cities by more than triple. Thinking New York is a competitor? Guess again, New York has 2.0 for every 1,000 residents. Los Angeles is the closest contender coming in at 2.8 for every 1,000 residents. In the years since this survey was taken the country music sector of our city has only grown, and likely widened this already massive gap in musician density.
To that end, a local high-end speaker company called THIEL Audio is making a splash in the Pinnacle building downtown. It plans to build out 3,000 sq ft of office space and turn it into a trendy venue for the music industry to utilize for showcases, record-release parties and more. This is great news for local musicians and smaller agencies and can give them a proper private venue to carry out their unique brand of business.
This unique aura around Nashville creates a demand for business far beyond the music industry itself. Artists, tourists, businessmen, and companies, are all trying to get their piece of this increasingly enticing pie. This spike in demand is resulting in Nashville office spaces getting leased more and more by music industry entities and creating quite a buzz for the commercial real estate community in Music City.