Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Tennessee
Annual, Not Seasonally Adjusted
TNRERENTLEARGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,132.80
Year-over-Year Change
43.52%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted rent of leased land and buildings in the United States. It provides important insights into the rental cost of commercial real estate, a key component of business and consumer spending.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual, Not Seasonally Adjusted rent series tracks the year-over-year change in the cost of renting commercial properties such as office spaces, retail locations, and industrial facilities. It offers a comprehensive view of the commercial real estate market and is widely used by economists, policymakers, and real estate analysts.
Methodology
The data is collected through surveys of property owners and managers by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored for its implications on consumer and business spending, as well as broader economic conditions.
Key Facts
- Annual rent increased by 2.5% in 2022.
- The rental market accounts for over $2 trillion in the U.S. economy.
- Commercial real estate is a key input for many businesses and households.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted rent of leased land and buildings in the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual rent trend provides important insights into the commercial real estate market, which is a key component of business and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of property owners and managers by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers for its implications on consumer and business spending, as well as broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule with minimal delays, providing timely insights into the commercial real estate market.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (TNRERENTLEARGSP), retrieved from FRED.