Southeast
Memphis - TN USA - Industrial Submarket
Industrial real estate intelligence for the Southeast submarket. 115.5M SF of inventory with 9.4% vacancy. Data sourced from various MLS platforms.
115.5MSF
Inventory
13.6MSF
Available
9.4%
Vacancy
11.7%
Availability Rate
$5.40
Asking Rent
1.3%
Rent Growth
571KSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
468K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$54
Cap Rate
8.7%%
12mo Sales Volume
$172,404,900
Sales Vol Growth
-40.1%
Asset Value
$6,182,967,598
Net Absorption
+571K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Anderson Bldg | $4.5M | 47,350 | Gregory Realty GP |
| 4202 Fidelity St | - | 425,720 | Industrial Realty Group, LLC |
| xAI - Colossus 2 Datacenter | $72.9M | 1,007,838 | X Holding Corp. |
| 12901 Plantside Dr (Part of a 2 Property Portfolio) | $22.3M | 102,500 | Aphorio Carter |
| Met Center 7 (Data Foundry) | - | 49,352 | Buyer 1 Walton Street Capital, LLC | Buyer 2 Steelwave |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| 1001 Rainer Rd | 145,636 | $3.00 | Cole Morgan |
| Bldg 1 | 5,679 | $14.78 - 18.07 (Est.) | New Town Holdings, LLC |
| Union Centre | 111,531 | $18.21 - 22.26 (Est.) | Twin Trees Holdings LLC |
| Building B | 20,182 | $10.35 - 12.64 (Est.) | EastGroup Properties, Inc. |
| 8048 Eastern Rd | 638,400 | Not Disclosed | - |
Data Centre Development Potential
High vacancy (9.4%) in Southeast may indicate availability of conversion-ready industrial buildings for data centre development. Positive net absorption of 571K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Memphis - TN USA
Evaluating Southeast for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.