Memphis office market sees a ‘flight to quality’
The Memphis office market is starting to gain momentum again since the pandemic. But the tenants are more picky.
There are 39 article(s) tagged CBRE:
The Memphis office market is starting to gain momentum again since the pandemic. But the tenants are more picky.
Cannon Wright Blount will relocate its headquarters down the street in May, Shelby County Federal Credit Union to move to Cordova and Helen’s Event Center will open near Parkway Village.
Plus, a Bartlett building was sold for $685,000, and the County Line Express gas station on Winchester Road is set to be demolished.
Plus, Discover Battery and Fair Break Federal Credit Union make moves.
The Houston Levee Galleria and a four-plex property were sold. Plus, Arlington Psychological Associates moves to a new location.
CBRE and Cushman & Wakefield | Commercial Advisors released their quarterly market industrial reports with both showing cautious optimism for the fourth quarter.
A sneaker and vintage clothing store will open within the next month in the Broad Avenue Arts District, two East Germantown hotels are renovated, a marketing agency joins Primacy II tenant list and 15 acres in Southeast Memphis were sold.
Also: Fun City Adventure Park opens another location in Memphis.
The Daily Memphian will have a permanent office, and Red Door Wealth Management gets a space, too. Plus, a fully leased Collierville building is up for sale.
Also a home-theater store opens in East Memphis, a Southeast Memphis warehouse has been bought and Amazing Lash Studio is moving to Poplar Commons Shopping Mall.
But compared to the rest of the country, Memphis is struggling more than most.
The Scotts Co. is leasing a warehouse for a distribution center, Wells Fargo moves by the Regalia Shopping Center, and four lease renewals with expansions at Clark Tower and more.
IDI Logistics has secured a lease with California-based Motivational Fulfillment & Logistics for its property in its Stateline Business Park.
Plus, a Spa is moving into the Thornwood Development, and Grivet Outdoors secured a distribution center.
One Memphis Place, a 15-story glass tower in the heart of Downtown, reaches a record occupancy rate thanks to recent renovations and listening to tenants’ concerns.
Economic development has surged in the Memphis area following the COVID-19 pandemic-induced slowdown. That was the message at a seminar hosted by The Daily Memphian Thursday, Nov. 30.
“More people are choosing Memphis as other cities have gotten more expensive,” said Mark Fogelman, president of Fogelman Properties.
“There’s definitely an emphasis for companies to make the office an inviting place,” Matt Weathersby of Cushman and Wakefield said of the outlook for 2023.
Four industry executives will be featured at the Commercial Real Estate: Review and Forecast Seminar at the Memphis Botanic Garden on Thursday, Dec. 1.
This week’s Inked highlights the Memphis Area Association of Realtors' September real estate report and CBRE’s third-quarter industrial and office report.
Also, a longtime restaurant in Whitehaven is planning to improve its patio, as is Slider Inn on South Main Street, and a Wisconsin-based company has made its second — and third — acquisitions in the Memphis market.
This week’s Inked covers news on Big River Market’s grand opening, June real estate figures, Jones Aur Commercial Real Estate’s new partnership and CBRE’s industrial market report.
Upcoming renovations will include improving the entrance to the building from the adjacent garage.
This week’s Inked shares news on Midtown Nursery’s new permanent location, new PetSmart in Collerville and the opening of Paradox at PeCo in Midtown.
The Crescent Center’s new owner said he was impressed by both the building and its East Memphis neighborhood.
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