Memphis industrial market rebounding
The Memphis industrial market appears to be rebounding with sustained absorption due to bulk warehouse leasing, a trend which is tightening vacancy and possibly setting the table for more development.
Cushman & Wakefield released its first quarter industrial report, showing the overall market has some positive trends such as vacancy rate decreasing while net absorption and asking rental rates increased.
“We had a good 2025, especially the second half,” Owen Mercer, a principal at Cushman & Wakefield Commercial Advisors, said. “It feels like the end of 2024 and beginning of 2025 was sort of the bottom and we’ve been steadily coming out of that.”
This is an excerpt of this story. To read more, please click here and subscribe.
Topics
Cushman & Wakefield Commercial Advisors Owen Mercer Jabil Inc. GXO Logistics Subscriber OnlyThank you for reading The Daily Memphian. Your support is critical.
Did you know we are a 501(c)3 nonprofit news organization? We rely on a mix of revenue from subscriptions (50%), advertising, events and other earned income (25%) and fundraising (25%).
Please consider making a fully tax-deductible donation or other contribution to The Daily Memphian today.
👉🏽 Your subscription pays for you to read all our journalism.
👉🏽 Your donation powers the work we do to reach everyone else with the news.
We believe an informed Memphis is a better Memphis. If you agree, join our growing list of donors now.
Andy Ashby
Andy Ashby is a veteran reporter with more than 14 years of journalism experience, including stops at the DeSoto County Tribune, the Daily News, and the Memphis Business Journal. He graduated from the University of Tennessee, where he photographed the 1998 National Championship game.
Comments
Want to comment on our stories? If you’re a subscriber, scroll down to the comments. If you’re not a subscriber, only paid subscribers can add their thoughts, so subscribe now. Our commenting policy can be viewed here.