As fears of a more significant economic downturn grow, there are plenty of signs to indicate that the Memphis industrial market is beginning to come off its pandemic and post-pandemic highs, including an increasing vacancy rate, slowing construction activity, and declining lease and sale transaction volumes.
Direct vacancy rate
The market’s direct vacancy rate increased for the second consecutive quarter following a market low of 5.0% in Q3 2022.
Direct net absorption
Bolstered by large build-to-suit deliveries, direct net absorption remained positive this quarter.
Following a record breaking two years, construction activity slowed in the first quarter with no new construction starts.
Your source for the latest Memphis industrial market reports
Get in-depth industrial market reports and insights from commercial real estate experts in the Greater Memphis area. Avison Young advisors look at Memphis commercial real estate activities and the latest Memphis statistics to provide you expert market research on Memphis's industrial properties.
Explore different topics like the latest industrial market pricing trends and analysis of Memphis's current industrial real estate market conditions. Gain a better understanding of Memphis’s industrial real estate outlook and stay ahead of current industrial space trends. Make smart decisions when it comes to investing in industrial properties in Memphis's competitive industrial real estate market. Avison Young is your trusted source for commercial real estate industrial market insights in Memphis.
The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.
Get the latest Memphis office market reports right in your inbox