Memphis market in real recovery

[Memphis Turnkey Property]

At the end of June, the Memphis industrial market’s vacancy rate dropped to 10.8 percent, the lowest rate the market has experienced since 2000. The total vacancy rate had gotten as high as 13.5 percent in the first quarter of 2012. With more than 930,000 square feet of net absorption by mid-year, the Memphis MSA maintained strong leasing activity for the fourth consecutive quarter.

READ MORE HERE

[muppet]

I hear Philly is doing well,
what with its close proximity to the Marcellus Shale
and the city's bustling commercial railroad system,
which has made it a transit point for oil being shipped
from North Dakota's Bakken formation.

I expect then that properties are increasing in price.

[Memphis Turnkey Property]

As the Aussies are finding out investing in energy driven booms can be risky. There's little job growth there and yields are low. But if it floats your boat go for it!
In the mean time Memphis is doing very well, as it has done for 3 decades :-).

Oh if you want an insiders view on the North Dakota Oil boom watch the best documentary I have seen in years, called "The Overnighters".

[Bluekiwi]

How is Memphis going now ?

[Memphis Turnkey Property]

I just answered you on another post, going great. Come on over!

[Bluekiwi]

Yep we are planning to next year, cheers