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In 2020, agents who generally make over $125,000 saw a lot more money being available in; whereas, agents making under $50,000 saw their earnings decrease. Bailey stated the crucial to making it as an agent long term is patience. "The representatives that seem to be truly patient and actually long lasting with their purchasers seem to be the ones that are getting a great deal of referrals today," Bailey stated.

Knoxville's property market is hot. And not just property sales. Knox News asked females in industrial realty to share their observations on the state of the market and what's ahead for their organizations. Maribel Koella, CCIM, SIOR, FRICS, CRE, is co-owner and primary broker of NAI Koella RM Moore, a nationally certified woman-owned, minority-owned (and first generation Mexican-American) company.

She has advised and served on the boards of many not-for-profit companies throughout the years. Solange G. Velas is a business real estate agent specializing in multifamily property sales in East Tennessee. Check it Out is a certified broker, existing president of her CCIM chapter, previous president of the House 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 principal broker for Blue Ridge Real Estate Inc., a local business property firm focusing on leasing, sales and management of workplace and retail properties. Frazier holds the professional classifications of Qualified Residential or commercial property Manager (CPM), Qualified Commercial Financial Investment Member (CCIM), and Society of Industrial and Workplace Realtors (SIOR), in addition to a bachelor's degree from Haslam College of Organization at the University of Tennessee.

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HOT HOT HOT. We have actually really recovered well from the COVID pandemic. For business realty, 2020 was among our finest years ever as financiers heavy in cash purchased into our market. Healthy. During the shutdown, we began to get calls out of California, Chicago, New York and other city locations from companies that wished to relocate to the Knoxville area, especially in the industrial and investment sectors.

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Also, these are investors who, previously, would have been seeking to main markets. This is a powerful shift to secondary/tertiary markets like Knoxville since locations like Nashville and Atlanta that would previously have been targeted are becoming saturated and more expensive. While 2020 was incredibly busy, 2021 has actually seen market price increase considerably.