Knoxville Sees Growth in Outside Investors

The city of Knoxville has seen an abundance of outside real estate investors, joining Memphis and Nashville in the state’s red-hot commercial real estate market, The Knoxville News Sentinel reports. Investors say that they are drawn to the city because of the market’s stability, with the University of Tennessee and Oak Ridge to anchor the area’s economy. Multi-family and apartment sales volume sustained 35 percent of total investments, yielding more than $48 billion.