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In 2020, representatives who generally make over $125,000 saw much more money being available in; whereas, agents making under $50,000 saw their profits decrease. Bailey stated the key to making it as a representative long term is perseverance. "The representatives that seem to be really patient and actually long lasting with their purchasers appear to be the ones that are getting a lot of referrals right now," Bailey stated.

Knoxville's property market is hot. And  You Can Try This Source . Knox News asked ladies in industrial genuine estate to share their observations on the state of the industry and what's ahead for their services. Maribel Koella, CCIM, SIOR, FRICS, CRE, is co-owner and primary broker of NAI Koella RM Moore, a nationally licensed woman-owned, minority-owned (and first generation Mexican-American) business.

She has advised and served on the boards of lots of not-for-profit companies over the years. Solange G. Velas is an industrial real estate agent concentrating on multifamily property sales in East Tennessee. She is a licensed broker, existing president of her CCIM chapter, past president of the Apartment or condo Association of Knoxville and has been selling multifamily for over 25 years in the East Tennessee market.

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Frazier is president and primary broker for Blue Ridge Realty Inc., a regional commercial property firm concentrating on leasing, sales and management of workplace and retail properties. Frazier holds the professional classifications of Qualified Residential or commercial property Manager (CPM), Licensed Commercial Financial Investment Member (CCIM), and Society of Industrial and Office Realtors (SIOR), in addition to a bachelor's degree from Haslam College of Company at the University of Tennessee.

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HOT HOT HOT. We have actually recovered well from the COVID pandemic. For industrial property, 2020 was among our best years ever as investors heavy in cash bought into our market. Healthy. During the shutdown, we started to get calls out of California, Chicago, New York and other metropolitan areas from businesses that wanted to move to the Knoxville region, particularly in the commercial and investment sectors.

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Also, these are financiers who, previously, would have been looking to primary markets. This is an effective shift to secondary/tertiary markets like Knoxville since areas like Nashville and Atlanta that would previously have been targeted are becoming saturated and more costly. While 2020 was very hectic, 2021 has seen market price increase significantly.