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In 2020, agents who typically make over $125,000 saw much more cash coming in; whereas, agents making under $50,000 saw their profits decrease. Bailey said the crucial to making it as an agent long term is perseverance. "The agents that seem to be truly patient and really long lasting with their buyers seem to be the ones that are getting a great deal of recommendations today," Bailey stated.

Knoxville's genuine estate market is hot. And not just residential sales. Knox News asked women in industrial real estate to share their observations on the state of the industry and what's ahead for their businesses. 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 numerous nonprofit organizations over the years. Solange G.  Kristin George Realtor  is a commercial realtor specializing in multifamily residential or commercial property sales in East Tennessee. She is a licensed broker, current president of her CCIM chapter, previous president of the Home Association of Knoxville and has actually been offering multifamily for over 25 years in the East Tennessee market.

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Frazier is president and primary broker for Blue Ridge Real Estate Inc., a local commercial property company specializing in leasing, sales and management of workplace and retail properties. Frazier holds the professional classifications of Qualified Property Supervisor (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 Service at the University of Tennessee.

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HOT HOT HOT. We have actually actually recovered well from the COVID pandemic. For commercial realty, 2020 was one of our best years ever as financiers heavy in cash bought into our market. Healthy. During the shutdown, we started to get calls out of California, Chicago, New York City and other metropolitan locations from companies that wished to move to the Knoxville area, especially in the industrial and investment sectors.

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Also, these are financiers who, formerly, would have been seeking to main markets. This is an effective shift to secondary/tertiary markets like Knoxville due to the fact that locations like Nashville and Atlanta that would previously have actually been targeted are becoming saturated and more pricey. While 2020 was incredibly busy, 2021 has seen market worths increase substantially.