Industrial real estate to have soft landing at end of 2024
Atlanta-based Pattillo Industrial Real Estate is launching a 200,000-square-foot build-to-suit distribution center in Southeast Memphis for Lotus and Windoware Inc. (Courtesy Pattillo Industrial Real Estate)
Memphis-area real-estate companies remain bullish on the industrial real-estate market as interest rates fall, consumer spending remains strong and employment is stable.
CBRE and Cushman & Wakefield | Commercial Advisors released their quarterly market industrial reports with both showing cautious optimism for the fourth quarter.Â
The industrial real-estate market began 2024 with negative net absorption with more space vacant than leased. But it improved during the second and third quarters.
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Sophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers small business, nonprofits, restaurant real estate, hospitality and tourism, manufacturing, and transportation and logistics.
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