Figures

Memphis Industrial Figures Q1 2025

April 1, 2025 5 Minute Read

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‒Net absorption returned positive in the first quarter of 2025, recording 678,410 square feet, in part, due to MCR Safety occupying their BTS expansion in Fayette County.
 
‒The direct vacancy rate compressed 20 basis points due to higher levels of leasing activity and xAI’s acquisition of 1 million square feet at Stateline North Distribution Center.
 
‒The average asking rental rate compressed 341 basis points to $4.53/NNN per square foot, as landlords compete to capture tenant demand.