Intelligence

Regional Summaries

Select a state to view available market snapshots

Memphis, TN

Apartment
The 82,008-unit Memphis apartment market tightened in the first quarter of 2019, but rents fell nonetheless-following strong gains in 2018. Both the average asking rent and the average effective rent fell 0.3% during the quarter, to $842 and $799 per month, reducing the year-over-year gains to 3.2% and 3.0%, respectively. The vacancy rate, meanwhile, fell 20 basis points during the first quarter to just 5.1%. It is down 60 basis points year-over-year. VIEW APARTMENT LISTINGS >
Industrial
The 112.6-million-square-foot Reis Memphis warehouse/distribution market vacancy rate is 13.9% in the first quarter of 2019, down 40 basis points for the period but up 50 year-over-year. The average asking rent increased 0.7% during the quarter to $2.87 psf, with the average effective rent up 0.8% to $2.59 psf. The year-over-year gains are strong at 2.1% and 2.8%, respectively. The small 10.3-million-square-foot Memphis Flex/R&D market had 394,000 square feet of net absorption in the first quarter of 2019, a large amount for a market this size, and the vacancy rate plunged 390 basis points to 12.3%. The average asking rent jumped 1.0% to $5.90 psf, with the average effective rent up 1.3% to $5.27 psf, for year-over-year gains of 1.7% and 2.1%, respectively. VIEW INDUSTRIAL LISTINGS >
Office
The 20-million-square-foot Memphis general purpose, multi-tenant office market had weak rents but improved occupancy in the first quarter of 2019. Both the average asking rent and the average effective rent fell 0.1% over the quarter, to $19.73 psf and $15.89 psf, reducing the year-over-year gain to 1.1% asking and 1.2% effective. The overall vacancy rate edged down 20 basis points over the quarter, and is down 100 year-over-year, to 23.2%. VIEW OFFICE LISTINGS >
Retail
The 19.7-million-square-foot Memphis community-neighborhood shopping center market has a vacancy rate of 12.7% for first quarter 2019, essentially unchanged for the quarter but down 50 basis points year-over-year. Rents suddenly surged during the quarter, with the average asking rent up 0.9% to $14.23 psf and the average effective rent up 1.0% to $12.58 psf. The first quarter gain accounts for almost all of the year-over-year increases of 1.1% and 1.3%, respectively. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

Commercial Real Estate Market Information

The Coldwell Banker Commercial brand has commercial real estate market statistics to help you find out specifics about your local commercial real estate market. Whether you are looking for market trends or information on commercial real estate market size, we have the market reports you need. Get the information you need to make informed commercial real estate decisions by checking out our commercial real estate market reports. If you did not find the commercial real estate market information you were looking for contact us today!

Coldwell Banker Commercial® Reports

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

CBC Blue Book

CBC Blue Book

The CBC organization is proud to present its 2018 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the CBC organization from all over the world.

Market Report: Retail Repurposing

Market Report: Retail Repurposing

Up to 80 percent of Americans do at least some shopping online. As Americans shift the way they shop, retailers that have not adapted to the changing environment are closing their doors, with the list of failing brand names growing each year.

Market Report: Student Housing

Market Report: Student Housing

Healthy demand and numerous shifts in student housing trends have transformed the property sector. Once overlooked by investors for fear of poorly maintained properties and high turnover, this asset class has become resilient, boasting handsome returns.