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Market Trend: Memphis's Industrial Vacancy Decreases to 13.5%
Posted by: KAIZEN Realty on 12 Jun, 2011 
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The Memphis Industrial market ended the first quarter 2011 with a vacancy rate of 13.5%.The vacancy rate was down over the previous quarter, with net absorption totaling positive 539,517 square feet in the first quarter. Vacant sublease space increased in the quarter, ending the quarter at 1,442,939 square feet.Tenants moving into large blocks of space in 2011 include GreenTech Automotive, Inc. moving into 376,016 square feet at 6266...
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