The 2.2 million square feet of industrial space under construction in Memphis now is the smallest amount in the market since 2018. The slowdown in construction comes as demand in Memphis has declined and the market’s vacancy rate has risen for three consecutive quarters.
Memphis Industrial Construction Pipeline Drops to Lowest Level Since 2018
With Demand Slowing, the Decline in Construction Should Help Stabilize the Market’s Rising Vacancy Rate
CoStar Analytics
October 23, 2023 | 1:43 P.M.
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