June 2025
Knoxville, TN is experiencing strong economic momentum, driven by a wave of new commercial investments, university-led infrastructure growth, and national recognition in the multifamily housing market.
Knoxville Ranks #5 on Top 10 Emerging Multifamily Markets of 2025
What This Means for You: Knoxville secured the #5 spot on MHN’s list of emerging multifamily markets for 2025, driven by a robust 1.8% employment increase, strong absorption with 96% occupancy, and a well-stocked pipeline of 4,575 units.
New Mixed-Use Development Approved in Historic Old City District
What This Means for You: A planned mixed-use project in Knoxville’s Old City has received approval. This five-story complex will feature new apartments and retail spaces, alongside a six-story parking garage with electric vehicle charging. Additionally, a second mixed-use complex nearby will further enhance the area with residential units and shops.
Hoar Construction Breaks Ground on $116M Student Success Center at UTK
What This Means for You: Hoar Construction has begun building a new 116,000-square-foot Student Success Center at the University of Tennessee, Knoxville. The new facility, designed to foster collaboration and interaction among students, faculty, and staff, is scheduled to open in time for the Fall 2027 semester.
GRSM Opens Knoxville Office to Support Regional Growth
What This Means for You: GRSM, a prominent public affairs firm, has launched a Knoxville office to support increasing demand across the southern region. This expansion brings the firm’s national footprint to 83 offices across the United States.
UTK Named One of Nation’s Best Employers for New Graduates by Forbes
What This Means for You: The University of Tennessee, Knoxville, has been recognized by Forbes for the fifth consecutive year as one of the nation’s best employers for new graduates.
Whataburger Plans Three New Locations in Knoxville
What This Means for You: Whataburger, the San Antonio-based burger chain, is expanding its presence in Knoxville by opening three new locations—including one on Cumberland Avenue, and two others at 500 Emory Road and 310 Wild Geese Road.
