Figures | Creating Resilience, Future Cities
Memphis Industrial Figures Report Q4 2022
December 29, 2022
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‒In 2022, the average asking rate grew by 28.7% year-over-year to $4.67 per square foot NNN.
‒The vacancy rate compressed to 5.0%, down 70-basis points quarter-over-quarter, as the industrial market recorded 1,502,824 square feet of positive absorption.
‒Due to the Federal Reserve tightening monetary policies, capital markets and new constructions have slowed.