Keep pulling the thread on Brett Pulley.
Oracle plans to move approximately 8,500 employees to Nashville, Tennessee by 2031.
Housing prices in fast-growing southern metro areas like Nashville have increased by approximately 60% since 2019.
The cost-of-living advantage of residing in the southern United States is diminishing as it approaches the costs found in the Northeast and other more expensive regions.
Starbucks is in the process of relocating thousands of employees to Nashville, Tennessee.
A new stadium for the Tennessee Titans is currently under construction in Nashville.
In rapidly growing southern cities, wage growth is failing to keep pace with the rising cost of living.
Luxury brands, including Soho House and Hermès, have opened new locations in Nashville, catering to a higher-income consumer.
Fast-growing southern cities like Nashville face a challenge in having a large enough consumer base to support the rapid influx of luxury businesses and rising property prices.
According to Gregory Axton of the Urban Institute, many people in southern cities can pay for rent and utilities but struggle to save for the future.
Florida's unemployment rate is currently higher than the average for the rest of the United States.