Local industrial market booms with early-year sales, setting promising stage
XAI is building a new facility in Whitehaven. (Patrick Lantrip/The Daily Memphian)
The local industrial real estate market grew fourfold in the first quarter over fourth quarter, indicating that 2025 could reverse three years of declines.
Net absorption, the difference between occupied and vacant square footage, was 560,534 square feet in the first quarter, compared to 140,353 square feet in the final quarter of 2024, according to the latest report from Cushman & Wakefield | Commercial Advisors.
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Dima Amro
Dima Amro is a native Memphian who covers commercial real estate and economic development for The Daily Memphian. She received her B.A. in journalism at the University of Memphis and M.A. in investigative journalism at American University.
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