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  1. #1
    Join Date
    Jun 2013
    Location
    Memphis TN
    Posts
    141

    Default Memphis market in real recovery

    At the end of June, the Memphis industrial marketís 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

  2. #2
    Join Date
    Sep 2003
    Location
    High up above and deep down under
    Posts
    10,915

    Default

    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.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  3. #3
    Join Date
    Jun 2013
    Location
    Memphis TN
    Posts
    141

    Default

    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".

  4. #4
    Join Date
    May 2008
    Location
    Torbay, Auckland
    Posts
    3,887

    Default

    How is Memphis going now ?
    Paul Magill B.com
    Bluekiwi Property Consulting

  5. #5
    Join Date
    Jun 2013
    Location
    Memphis TN
    Posts
    141

    Default

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

  6. #6
    Join Date
    May 2008
    Location
    Torbay, Auckland
    Posts
    3,887

    Default

    Yep we are planning to next year, cheers
    Paul Magill B.com
    Bluekiwi Property Consulting


 

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