Record-smashing 2020 reflects demand for industrial space in Memphis area

By , Daily Memphian Updated: January 08, 2021 2:12 PM CT | Published: January 08, 2021 2:00 PM CT

When you add all the industrial space leased during 2020 and subtract the new vacancies, the Memphis area experienced a net positive absorption of more than 12 million square feet. The vacancy rate fell to 5%, and 12 million square feet of more space is under construction.

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Topics

CBRE industrial real estate
Tom Bailey

Tom Bailey

Tom Bailey covers business news for The Daily Memphian. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He's worked in journalism for 40 years and has lived in Midtown for 36 years.


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