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Property investment sales edge higher in Memphis after two years of declines

Retail led the market’s improvement, while industrial activity continued to drift lower
Smith & Nephew Inc. sold 7135 Goodlett Farms Parkway to Memphis Light, Gas and Water for $31.5 million in late 2025. (CoStar)
Smith & Nephew Inc. sold 7135 Goodlett Farms Parkway to Memphis Light, Gas and Water for $31.5 million in late 2025. (CoStar)
CoStar Analytics
March 4, 2026 | 9:37 P.M.

The commercial property investment market in Memphis, Tennessee, is entering 2026 on slightly firmer footing as transactions rose in a landscape shaped by easing rate volatility, improving liquidity and more predictable lending conditions. These changes helped bring some capital back into the market after two years of sharper declines.

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News | Property investment sales edge higher in Memphis after two years of declines