High Demand for Memphis Industrial Leading to Another Record-Shattering Year

Fueled by the acceleration of e-commerce amid the COVID-19 pandemic, the Memphis industrial market’s record-setting momentum continued into the first half of the year. Demand fundamentals are the strongest they’ve ever been, with lease transaction volume at mid-year exceeding 12.2 million square feet for the second year in a row and total market direct net absorption reaching an unprecedented 5.3 million square feet.To put these numbers in perspective, lease transaction volume and …

September 27, 2021Industrial, Market Reports, Mississippi, Southeast, Southeast Market Reports, Tennessee

Memphis is Well-Established for Industrial Owners and Users to Win

Momentum in the local industrial market has been maintained because of Memphis’ world-class infrastructure offering the “four Rs” of transportation: river, road, rail and runway. Thanks to Memphis’ central location, truck freight can reach 65 percent of the nation’s population in 24 hours. The Port of Memphis is the fifth-largest inland port in the United States and an east-west highway spans the width of the country.As home to FedEx Global Headquarters and a UPS hub, Memphis …

September 20, 2021Industrial, Market Reports, Mississippi, Office, Southeast, Southeast Market Reports, Tennessee

Jackson’s Industrial Market Doesn’t Miss a Beat During COVID-19 Pandemic

Like most markets, regardless of sector, Jackson experienced a moment in time when deals were shelved due to the coronavirus pandemic. However, the industrial market in Jackson tells a different story in the early innings of COVID-19. While most deals were put on hold for several weeks in early April to mid-May, we saw activity pick up with users signing leases, contracting on vacant buildings and resuming due diligence timelines for land purchases, all without any repricing or discount. These …

August 10, 2020Industrial, Market Reports, Mississippi, Southeast, Southeast Market Reports

Jackson’s Retail Market on Cruise Control as It Drives Into Expansion Phase

It’s safe to say that the Jackson MSA, as a whole, responds slower to national trends than the vast majority of markets in the United States. In regards to the economic recovery, Jackson is about two years behind the national economy post-recession. The retail market is just now moving from the recovery phase and into the expansion phase of its growth cycle, which is evidenced by decreasing vacancy rates and stabilizing lease rates.[caption id="attachment_205078" align="alignright" …

July 23, 2018Market Reports, Mississippi, Property Type, Retail, Southeast, Southeast Market Reports

Public/private deals keep market moving.

The Jackson office market remains strong, with occupancy rates of 81 percent and average rental rates of $19 per square foot. As the state capital, government is the driving force for local real estate, and recently, the public sector has been working with private developers to establish partnerships. With more than $600 million in private and public development during the last couple of years in the CBD, companies are intrigued by downtown’s revitalization. The King Edward restoration …

April 6, 2010Market Reports, Mississippi, Southeast Market Reports