5 Economic Benefits of Commercial Construction in Nashville
Nashville has experienced a surge in growth and development over the past decade. From its famous music and cultural scene to its expanding business landscape, the city's growth has presented an opportunity for all kinds of industries to grow. As Nashville continues to develop, we’re proud to help bring businesses to life, spurring economic growth, employment opportunities, infrastructure, and overall prosperity in our cities.
Here are five of the positive impacts we've witnessed at Eshelman Construction regarding the increasing commercial construction in Nashville:
1. Job Creation and Workforce Development
One of the most immediate and direct benefits of commercial construction in Nashville is job creation. Each project, whether it’s a new office building, retail center, or industrial complex, requires skilled labor across various trades. From architects and engineers to electricians, carpenters, and general contractors, commercial construction supports thousands of jobs.
In addition to creating employment opportunities, large-scale commercial projects contribute to workforce development in the region. As the demand for skilled workers rises, local trade schools and training programs benefit from an influx of students seeking to learn valuable skills. This helps build a stronger workforce for the long term, ensuring that the Nashville community is equipped to meet future construction demands.
2. Boosting Local Businesses and Supporting Supply Chains
Commercial construction has a ripple effect throughout the local economy, benefiting a wide range of businesses and industries. Construction companies rely on local suppliers for materials such as steel, concrete, glass, and lumber. Industries like transportation, logistics, and manufacturing also benefit from the increased demand for building materials, as do local businesses— construction crews frequent nearby restaurants, gas stations, and retailers, pumping money back into the local economy. Once a commercial project is completed, the businesses that occupy the new space further stimulate economic activity by attracting customers, employees, and additional services to the area.
3. Infrastructure Development and Urban Growth
As Nashville grows, so does the need for improved infrastructure to support the influx of residents, businesses, and tourists. Commercial construction projects often lead to the development of new roads, utilities, and public amenities, enhancing the city’s infrastructure. Whether it's expanding highway systems to accommodate increased traffic or building more sustainable, energy-efficient structures, commercial construction plays a vital role in the city's urban development strategy.
The construction of mixed-use developments and business centers in strategic areas also helps revitalize neighborhoods, attracting additional investments and encouraging further commercial and residential growth. As new projects come to fruition, the city's overall appeal increases, making Nashville more attractive to new businesses and residents.
4. Increased Property Values and Tax Revenue
When commercial projects are completed, they often lead to an increase in property values in the surrounding area. Higher property values translate into greater property tax revenues for the city, which can be reinvested into public services such as schools, parks, and infrastructure maintenance. Successful commercial developments can draw new businesses to the area, boosting sales tax revenues and further strengthening Nashville's financial health.
These tax revenues provide our city with additional resources to invest in long-term economic development initiatives, creating a cycle of growth and prosperity for the local government and private sector.
5. Attracting Business Investment and Supporting Entrepreneurship
Nashville’s booming commercial construction scene makes it a prime destination for businesses seeking to expand or relocate. The construction of modern office buildings, retail spaces, and industrial hubs gives companies the space and infrastructure they need to operate efficiently. Additionally, Nashville's reputation as a growing city with abundant commercial opportunities attracts entrepreneurial ventures looking to capitalize on the city's upward momentum.
Commercial construction projects also support the growth of small and medium-sized businesses, providing them with the facilities and environments needed to thrive. Whether through co-working spaces, shopping centers, or industrial complexes, commercial construction creates spaces for businesses of all sizes to grow.
Recent Projects from Eshelman Construction
At Eshelman Construction, we've been proud to contribute to the economic growth and commercial construction boom in and around Nashville. Some of our recent projects in the hospitality sector include Fogg Street Lawn Club in Pie Town and Sushi | Bar in The Gulch neighborhoods.
Fogg Street Lawn Club brings a British-style soccer and rugby pub with lawn bowling to a beautiful rooftop garden that sprawls over 6,000 square feet. Whether lawn bowling or cheering on your favorite teams, you can enjoy stunning downtown views over British-inspired fare and a tasty pint.
Sushi | Bar is a 17-course omakase-style speakeasy. This intimate dining experience only seats 12 and features an adjoining cocktail lounge, Golden Sound. Melding modern Japanese design and the location's history as a former recording studio, Sushi | Bar creates a unique and nostalgic atmosphere for an upscale and memorable evening out.
In projects like Fogg Street Lawn Club and Sushi | Bar, we transformed underused spaces into vibrant destinations— increasing foot traffic, creating jobs, and supporting the downtown local economy. Fogg Street Lawn Club offers a unique recreational experience that draws both residents and tourists, while Sushi | Bar elevates the city's dining scene with its innovative culinary concept. Together, these projects enhance Nashville's cultural and social landscape and contribute to its continued growth and prosperity, embodying the economic benefits of commercial construction in our thriving city.
Commercial construction projects in Nashville do more than just reshape the skyline—they are key economic drivers that contribute to job creation, local business growth, and increased tax revenue. By enhancing infrastructure, raising property values, and attracting new business investments, these projects ensure that Nashville remains a hub of economic vitality and growth. As the city continues to evolve, we're here to help local businesses, new and reimagined, find their footing in Nashville. Does that sound like you? Contact Eshelman Construction today to get started.