Memphis Office Figures Report Q4 2022

‒The Memphis office market recorded 33,782 square feet of positive net absorption in Q4, bringing the 2022 total to 271,828 square feet, the third largest year of positive absorption on record.

‒Class A office buildings outperformed second generation buildings, as tenants continue to seek highly amenitized office space options.

‒Capital markets activity remains restrained as the Federal Reserve continues to raise interest rates to fight inflationary pressures.