How much does it cost to live in Cooper-Young and other Memphis neighborhoods?
Overton Square offers shops, live music and restaurants all within walking distance. (The Daily Memphian file)
Cooper-Young is known for entertainment and walkability; Downtown is a hot spot for young professionals; and Central Gardens in Midtown and East Memphis are popular for couples starting a family.
Throughout Memphis, renters can find neighborhoods that suit their lifestyle and needs.
Downtown is becoming a higher-density area for apartments, businesses and entertainment with the increasing pipeline of new developments, such as 100 N. Main, The Oliver apartments and the Sterick Building.
Central Gardens and White Station/East Memphis provide a suburban feeling, with more houses than apartments. Cooper-Young combines Downtown and suburban, with a mix of houses and duplexes for rent and a steady mix of retail and other businesses.
“We have a lot of local developers that understand the market, know where to build and where that demand is needed and wanted,” said Jeremy Chism, CBRE vice president of multi-family investment properties.
He said there are pros and cons in each “bubble,” or neighborhood, but based on CBRE occupancy data, he hasn’t noticed any big jumps in occupancy in any particular neighborhood.
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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 commercial real estate, economic development, residential real estate, restaurant real estate, and hospitality and tourism.
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