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.
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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CBRE Cushman & Wakefield | Commercial Advisors industrial real estate market Subscriber OnlyThank you for supporting local journalism.
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Sophia Surrett
Sophia Surrett is a recent University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers restaurants, residential real estate, and hospitality and tourism.
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